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How Armory CEO Jim Douglas grew Armory to $9.4M revenue with a 107 person team in 2023.

Armory is an enterprise software company commercializing the open-source continuous delivery platform, Spinnaker.

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Armory Revenue

In 2023, Armory's revenue reached $9.4M. The company previously reported $8M in 2021. Since its launch in 2016, Armory has shown consistent revenue growth.

Armory Revenue GrowthReported revenue / ARR by year$0$2M$4M$6M$8M$10M20162017201820192020202120222023$0$8M$9MSource: GetLatka.com
YearMilestone
2023Armory Hit $9.4m revenue in December 2023
2021Armory Hit $8m revenue in September 2021
2016Launched with $0 revenue

Armory Valuation, Funding Rounds

Armory has not publicly disclosed its valuation. The company has raised $82M in total funding to date.

Armory has raised $82M in total funding across 4 rounds, most recently a $40M Series C round in 2020.

Armory Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$20M$40M$60M$80M$100M2015201620172018201920202015 cumulative: $10M • 2015 Series A: $10M2016 cumulative: $10M • 2015 Series A: $10M • 2016 Founded: $02017 cumulative: $14M • 2015 Series A: $10M • 2016 Founded: $0 • 2017 Seed Round: $4M2019 cumulative: $42M • 2015 Series A: $10M • 2016 Founded: $0 • 2017 Seed Round: $4M • 2019 Series B: $28M2020 cumulative: $82M • 2015 Series A: $10M • 2016 Founded: $0 • 2017 Seed Round: $4M • 2019 Series B: $28M • 2020 Series C: $40M$82M2016 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2020Series C$40M--
2019Series B$28M--
2017Seed Round$4M--
2015Series A$10M--

Armory Employees & Team Size

Armory employs approximately 107 people as of 2026, down from 122 in 2022.

Armory has 107 total employees in different roles and functions and 11 sales reps that carry a quota.

Armory Team GrowthReported headcount over time03060901201502016201720182019202020212022202300107107Source: GetLatka.com
YearMilestone
2023Reached 107 employees (December 2023)
2022Reached 122 employees (December 2022)
2020Reached 120 employees (December 2020)
2020Reached 119 employees (June 2020)
2019Reached 86 employees (December 2019)

Founder / CEO

Jim Douglas

Transformational B2B CEO with substantial global experience scaling businesses from start-up to Mid-Cap. Strong track record of delivering financial results, M&A, and fund raising (venture, public, debt). Builder of cohesive executive teams and winning corporate cultures.

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Customers

We do not have customer count information for Armory yet.

Frequently Asked Questions about Armory

What is Armory's revenue?

Armory generates $9.4M in revenue.

Who founded Armory?

Armory was founded by Jim Douglas.

Who is the CEO of Armory?

The CEO of Armory is Jim Douglas.

How much funding does Armory have?

Armory raised $82M.

How many employees does Armory have?

Armory has 107 employees.

Where is Armory headquarters?

Armory is headquartered in San Francisco, United States.

Compare Armory to the industry

Armory operates across multiple industries. Browse revenue, funding, and growth data for Armory in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Armory Revenue 2023: $9.4M ARR, $82M Raised