October 13, 2020
Last fall, we announced Armory’s $28M Series B investment (and the year before that, our $10M Series A). Today, I’m pleased to share that we have raised a $40M Series C investment led by B Capital with Marc Benioff and Lead Edge Capital joining the round, and participation by our existing investors. This brings our total funds raised to $82M. We are welcoming Rashmi Gopinath from B Capital to our Board of Directors, as well as Margaret Francis, our Chief Operating Officer. The full press release is here, with coverage from BusinessInsider and TechCrunch.
In late 2016, we started Armory from my garage in Belmont, CA with a vision to unlock innovation by making software delivery continuous, scalable and safe.
We had a secret that we’d gleaned from over 100 in-depth interviews we’d conducted over the span of three months. Over and over, we kept hearing leaders at Global 2000 companies talk about how difficult software delivery was to do safely, with velocity, at scale.
We compiled over 400 pages of notes, probing to understand how engineering leaders were grappling with the creative destruction forces that are shrinking corporate longevity on the S&P 500 from 33 years to just twelve. Read rest here.