2023 Revenue
$9.4M
Funding
$82M
Team
107
Founded
2016
How Armory CEO Jim Douglas grew 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.
Last updated
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.
| Year | Milestone | Quote |
|---|---|---|
| 2023 | Armory Hit $9.4m revenue in December 2023 | |
| 2021 | Armory Hit $8m revenue in September 2021 | |
| 2016 | Launched 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.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2020 | Series C | $40M | - | - | |
| 2019 | Series B | $28M | - | - | |
| 2017 | Seed Round | $4M | - | - | |
| 2015 | Series A | $10M | - | - |
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Armory yet.
Armory Employees & Team Size
Armory employs approximately 107 people as of 2026, down from 122 in 2022, including 11 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2023 | Reached 107 employees (December 2023) |
| 2022 | Reached 122 employees (December 2022) |
| 2020 | Reached 120 employees (December 2020) |
| 2020 | Reached 119 employees (June 2020) |
| 2019 | Reached 86 employees (December 2019) |
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.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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