Armory
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Armory was a San Mateo continuous delivery (CD) company built on the open-source Spinnaker project, offering enterprise continuous deployment platforms and continuous-deployment-as-a-service. Its customers included LaunchDarkly, Autodesk, Informatica, Patreon, First Republic Bank and HelloSign. The company raised more than $82 million, including a $40 million Series C led by B Capital in late 2020, and was led from 2021 by CEO Jim Douglas (formerly of Wind River), after co-founder Daniel R. Odio.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Asset sale
Business Insider reported that Harness was buying Armory in an all-cash deal for $7 million, versus a 2020 valuation of more than $200 million, describing a fire-sale sale versus shutting down.
- Acquisition
On 11 January 2024 TechCrunch and Harness’s PR Newswire release said Harness acquired Armory’s intellectual property and technology assets for about $7 million cash after Armory had raised more than $82 million; Harness called it an asset deal and said it would support existing implementations.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.