Armory Raises $40M to Accelerate Enterprise Adoption of Spinnaker
As cloud migration accelerates amid the pandemic, Armory, the commercial leader behind the open-source continuous delivery platform Spinnaker, has secured a $40 million Series C funding round. The investment underscores growing enterprise demand for scalable, cloud-native deployment solutions.
Funding Details and Strategic Backing
- Lead Investor: B Capital spearheaded the round, joined by new supporters Lead Edge Capital and Marc Benioff.
- Existing Investors: Insight Partners, Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator, and Javelin Venture Partners also participated.
- Total Raised: Over $82 million to date, fueling Armory’s mission to simplify complex cloud deployments.
Why Spinnaker Matters
Co-founder and CEO Daniel R. Odio highlights Spinnaker’s origins as a Netflix-Google collaboration, calling it “a sophisticated multi-cloud software delivery platform.” The project enjoys broad industry support, including backing from:
- Major cloud providers (AWS, Microsoft Azure, Google Cloud)
- Key players like CloudFoundry and HashiCorp
“Spinnaker is emerging as the de facto standard for cloud-native delivery,” Odio told TechCrunch. Its open-source foundation enables enterprises to deploy updates incrementally—a critical advantage over traditional monolithic release cycles.
Armory’s Enterprise Edge
Armory extends Spinnaker’s capabilities to address large-scale organizational needs:
- Compliance & Governance: Tailored solutions for regulated industries
- Security: Enhanced controls for enterprise environments
- Upcoming SaaS Offering: Planned for 2023 to simplify adoption
While specific customer counts remain undisclosed, Armory serves notable clients including JPMorgan Chase, Autodesk, and multiple Fortune 100 companies across tech, banking, and retail sectors.
Growth and Culture Priorities
With 75 current employees, Armory plans to double its workforce in the coming year. Odio emphasizes a dual focus on:
- Diversity & Inclusion: “We prioritize both inviting diverse talent (diversity) and ensuring their voices shape decisions (inclusion). Heterogeneous teams outperform homogeneous ones.”
- Remote-First Future: The company has adopted permanent remote work policies post-COVID, emphasizing employee well-being and global talent access.
Market Opportunity
The pandemic has accelerated cloud adoption, creating urgent demand for Armory’s solutions. “We exist to power enterprise transformation,” Odio noted. “This funding lets us capitalize on the unprecedented need for agile, reliable deployment tools.”
As enterprises modernize their tech stacks, Armory’s Spinnaker-based platform positions it at the forefront of the cloud-native revolution—with $40M in new capital to fuel its ascent.
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