Armory’s cloud SaaS platform raises $40mn

By William Smith
San Francisco, California-based Armory offers enterprises an easier route to using open-source multi-cloud platform Spinnaker...

San Francisco, California-based Armory offers enterprises an easier route to using open-source multi-cloud platform Spinnaker.

Spinnaker, which was developed by Netflix and Google for the purpose of continuous delivery, helps companies manage their efforts across cloud platforms and release software changes rapidly.

Armory works on top of that, with expanded features intended to be used by enterprise scale customers to automate software delivery and allow developers to work across multiple clouds.

Since its foundation in 2016, the company has raised over $80mn across five funding rounds. Its latest Series C, announced yesterday, saw the company raise $40mn from lead investor B Capital Group, alongside Lead Edge Capital, Salesforce CEO Marc Benioff, Insight Partners, Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners.

In a press release, Daniel R. Odio, CEO of Armory, said: “Progressive companies that understand how to build, ship and iterate on feature-rich experiences for their users will thrive over the next decade, out-innovating their peers and accruing much more enterprise value than those who don’t. We are entering an era of Big Code, where source code becomes the DNA of a company. Legacy software delivery tooling built for data centers cannot handle the massive complexity that comes with coordinating thousands of developers as they break monolithic apps into hundreds of microservices and deploy to dozens of targets across multiple clouds like AWS, GCP, and Azure.”

The company said it would use the funds to accelerate R&D and marketing development of its so-called Spinnaker-as-a-service platform.

Rashmi Gopinath, General Partner at B Capital, said: “Armory’s upcoming SaaS offering of Spinnaker addresses a critical need to consume infrastructure software in a self-service approach. From the Global 2000 to mid-market, enterprises are adopting Spinnaker because it’s the only proven enterprise-grade cloud native platform that supports complex deployments in a highly scalable, secure, and regulatory-compliant manner and it’s a key reason B Capital is excited to make this investment into Armory.”


Featured Articles

Infosys: European firms struggle to generate gen AI value

Research from Infosys forecasts that European companies will increase their generative AI investments by 115% in the next year, up to US$2.8bn

KPMG appoints Global Head of AI to drive AI strategy

KPMG marks next phase in its AI strategy with appointment of Global Head of AI and launch of global framework for design, build and of use of AI solutions

Google unveils Gemini, its largest and most capable AI model

Google says its Gemini AI model is built from the ground up for multimodality — reasoning seamlessly across text, images, video, audio, and code

Technology key to integrating sustainability into strategies

Digital Transformation

Hitachi Vantara addresses cloud demand with Google Cloud

Cloud Computing

Google delays launch of long-anticipated Gemini AI model

AI & Machine Learning