On July 11, 2024, edge computing company Armada announced a $40 million funding round led by M12 (Microsoft's Venture Fund), raising its total to over $100 million. This funding comes as all Armada products are now available in the Microsoft Azure Marketplace, with Azure customers able to use pre-committed Azure spend on Armada products. Customers have brought Armada's technology to 43 countries. These customers include global oil and gas conglomerates, CPG and entertainment companies, state government agencies, and more. In addition to Armada's deep collaboration with Starlink, the company has recently signed partnerships with Halliburton, Edarat Group, Skydio, and many others to enhance offerings and distribute Armada’s solutions globally. This global presence is a testament to Armada's robust and scalable solutions, which can transform industries ranging from defense and mining to healthcare and education.

Wilson Sonsini Goodrich & Rosati represented Armada in the transaction. The Wilson Sonsini team includes Rezwan Pavri, Colin Conklin, Richa Sharma, and Isaac Reed.

For more information, please see Armada’s press release. Further coverage can be found at Fortune (subscription may be required) and Satellite Today.