The week ending 5/23/26 included notable startup funding rounds across multiple US ecosystems, totaling $2.53B in new funding. Amca raised $300.0M to develop and manufacture aerospace and defense components using engineering, qualification testing, technical data development, and certified manufacturing. Armada raised $230.0M to provide full-stack edge infrastructure combining connectivity, compute, and AI for remote and demanding environments. Benefitbay raised $18.0M to administer ICHRA benefits, enabling employers, brokers, and employees to model, deploy, manage, and enroll in individualized healthcare benefits. Each company’s funding included details on total equity raised and investor backing.
"Amca - $300.0M El Segundo-based Amca develops and manufactures critical aerospace and defense components by combining engineering, qualification testing, technical data development, and certified manufacturing into a single platform. Founded by Eli Giovanetti and Jai Malik in 2024, Amca has now raised a total of $376.5M in total equity funding and is backed by Andreessen Horowitz, Caffeinated Capital, Construct Capital, House Capital, Lightspeed Venture Partners, Lux Capital, SignalRank, and Silent Ventures."
"Armada - $230.0M San Francisco-based Armada provides full-stack edge infrastructure that combines connectivity, compute, and AI for organizations operating in remote and demanding environments. Founded by Dan Wright, Jonathan Runyan, and Jonathan Runyan in 2022, Armada has now raised a total of $469M in total equity funding and is backed by 8090 Industries, BlackRock, Felicis, Founders Fund, Glade Brook Capital Partners, Johnson Controls, Lux Capital, Marlinspike Capital, Mitsui & Co, NightDragon, Overmatch Ventures, Shield Capital, SignalRank, Silent Ventures, Singtel Innov8, and Veriten."
"Benefitbay - $18.0M Kansas City-based Benefitbay provides an ICHRA administration platform that helps employers, brokers, and employees model, deploy, manage, and enroll in individualized healthcare benefits. Founded by Brandy Thompson and Zach Harris in 2021, Benefitbay has now raised a total of $30.5M in total equity funding and is backed by Ten Coves Capital."
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