San Francisco-based Armory, which commercializes Spinnaker, an open source platform for delivering software, announced it has raised a $28 million Series B round led by Insight Partners. The round also included follow-on investments from all existing investors, including Crosslink Capital, Bain Capital Ventures, Mango Capital, Y Combinator and Javelin Venture Partners. As part of the round, Lonne Jaffe, managing director at Insight Partners, has joined the board. The company has now raised more than $42 million since it was founded in 2016.
Source: Company press release