Armory Due Diligence

Run due diligence on Armory: check compliance and get alerts when suppliers change.

United States · www.armory.io · 21 vendors

Armory, Inc. develops a software delivery platform that automates software deployment, enabling companies to quickly and safely deploy software into multiple clouds from code. The company provides continuous deployment solutions, often built on open-source Spinnaker, to accelerate time-to-market and increase stability for enterprises.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 21 sub-vendors.

Insights

Last updated 2026-08-14 · revision 2

21 direct vendors, 221 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

6 in-scope frameworks identified; showing 3.

CCPA — Evidence found

Evidence: https://www.harness.io/security, https://www.harness.io/legal/privacy, https://harness-privacy.relyance.ai/

GDPR (source) — Evidence found

Evidence: https://www.harness.io/security, https://www.harness.io/legal/privacy, https://harness-privacy.relyance.ai/

SOC 2 (source) — Evidence found

Evidence: https://www.harness.io/security, https://trust.harness.io/

Financials

Three-year financials

Financial Resilience Score: 5/10

Armory was a venture-backed private US software company (2016-2023) whose financials were never publicly filed. Third-party estimates suggest revenue in the low tens of millions of dollars annually (US$20-40M range), but no primary source confirms specific figures. The company raised roughly US$82M in venture capital across seed through Series C rounds, providing meaningful runway but also indicating it was operating at a loss like most late-stage venture-backed SaaS companies. The company faced intense competition from Harness, GitLab, CircleCI, JFrog, CloudBees, and open-source alternatives (ArgoCD, Flux, Tekton), plus hyperscaler-native tooling. Spinnaker's operational complexity had become a well-known adoption barrier, pressuring Armory's growth story. Two rounds of layoffs in mid-2022 and 2023 indicate cash-burn discipline was required and that the company was managing runway pressures. Ultimately, financial resilience issues were resolved by being absorbed into Harness in December 2023 for undisclosed terms. As part of Harness (which raised a $240M Series E in 2025 at ~$5+ billion valuation), Armory's technology and customer contracts now sit inside a much better-capitalized parent. Standalone financial resilience of Armory is no longer a meaningful concept.

Key strengths: Raised approximately US$82M in venture capital across seed through Series C, Leading commercial steward of Spinnaker open-source CD platform, Blue-chip enterprise customer base (JPMorgan Chase, Salesforce, Autodesk, Comcast, Home Depot), Reputable investor backing (B Capital, Insight Partners, Bain Capital Ventures, Crosslink Capital, Google Ventures), Recurring SaaS/subscription revenue model, Acquired by well-capitalized Harness in December 2023

Risk factors: Intense competition from Harness, GitLab, CircleCI, JFrog, CloudBees, Competition from open-source alternatives (ArgoCD, Flux, Tekton), Competition from hyperscaler-native tooling (AWS CodePipeline, Google Cloud Deploy), Spinnaker operational complexity as adoption barrier, Two rounds of layoffs in 2022 and 2023 indicating cash burn pressure, Never disclosed profitability; likely operating at a loss, Loss of standalone identity following Harness acquisition

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