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Armory’s cloud SaaS platform raises $40mn

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

|Oct 14|magazine5 min read

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.”

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