Armada was founded in 2015 and is based in Santa Clara, CA. The company has not publicly endorsed a plan to pursue an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Armada Aeronautics develops modern transportation solutions for a world where cities are routinely paralyzed by traffic — a problem that is only getting worse as the number of cars on the road continues to increase. The company's software based solutions are designed for modern infrastructure and are environmentally friendly. Armada has raised more than $4 million in venture capital across 9 rounds of funding, most recently in a 2021 Seed round that brought in $750 thousand from investors such as Jack Chitayat, Impact Venture Capital, Draper Associates, and Andreas Mihalovits. The company has declined to disclose their revenue and valuation in SEC documents.