Armada (Commercial Products)

Other Commercial Products · San Francisco, CA · Founded 2022 · Privately Held (backing)

Developer of an edge computing platform designed to revolutionize connectivity, computing, and artificial intelligence tools. Armada (Commercial Products) is based in San Francisco, CA and was founded in 2022. It was valued at $2.3 billion at its Series B in May 2026, the last priced event on record. It has raised $226 million across 6 recorded rounds; the latest was a $230 million Series B in May 2026.

PMV mark · valuation
$2.3B
Oct 2026
Priced at
its Series B
May 2026
Total raised
$226.0M
Last round
Early Stage VC (Series B)
May 2026

Capitalization table

5 share classes, by liquidation seniority
ClassLiq. prefIssue price
Seed▮▮
Series A▮▮
Series B▮▮
Series B-1▮▮
Series B-2▮▮
Preferences, participation and issue prices are Pro.Unlock preferences + participation

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Reading Armada (Commercial Products)'s cap table

Share classes are listed senior-first: in a sale or liquidation, higher-seniority preferred stock is paid its liquidation preference before junior classes and common see proceeds. A participating class takes its preference and shares in the remainder; a non-participating class chooses one or the other.

The original issue price is what investors paid per share in that class’s round — read against current secondary prices, it shows which investors are above or below water.

Frequently asked about Armada (Commercial Products)

How many share classes does Armada (Commercial Products) have?
Armada (Commercial Products) has 5 recorded share classes, listed by liquidation seniority — Seed is the most senior.
How many shares has Armada (Commercial Products) authorized?
Across its 5 recorded classes, Armada (Commercial Products) has authorized 66,731,525 shares.
Where does Armada (Commercial Products)'s cap table come from?
Share classes are assembled from certificates of incorporation, priced-round filings, and disclosures across Armada (Commercial Products)'s 6 recorded funding rounds.