Dominion Dynamics announced that it has raised C$139 million, or about $100 million, in Series A funding. The round was led by Georgian and marks the largest Series A financing in Canadian defense history. The financing included participation from Valor Equity Partners, Expeditions, Lakestar, OMERS, Business Development Bank of Canada, Royal Bank of Canada, Deloitte Ventures Canada, and JDY Capital.
Existing investors British Columbia Investment Management Corporation, Bessemer Venture Partners, Garage Capital, Golden Ventures, and Silent Ventures also participated.
Dominion has now raised C$169 million since launching in June 2025.
Dominion Dynamics is a defense technology company building next-generation defense systems for extreme environments.
The company plans to use the funding to accelerate development of AuraNet, its flagship software platform, and Scout, its Autonomous Collaborative Platform.
AuraNet is designed to provide the digital backbone for next-generation command and control.
Scout is designed to extend the reach of crewed fighter aircraft into austere environments.
The funding will also support hiring, with Dominion planning to grow its team to more than 100 employees by the end of the year.
The company has recruited senior engineering talent from Anduril, Tesla, Rheinmetall, Google, and Rivian, along with veterans of the Canadian Armed Forces.
Earlier this year, Dominion deployed AuraNet with the Canadian Armed Forces during Operation Nanook-Nunalivut.
During the two-month High Arctic deployment, Canadian Rangers used AuraNet with Dominion’s Arctic-hardened sensors to turn distributed communications and data into a single operating picture.
The system supported mission tracking, planning, and real-time communications.
Dominion said the exercise was entirely self-funded and reflected its approach of working alongside operators to drive iterative development.
The company recently moved into a 25,000-square-foot manufacturing facility in Kanata, Ontario, and opened a Toronto development office.
Dominion’s financing comes as Canada expands its defense industrial base.
The company said Canada has met NATO’s 2% defense-spending benchmark and committed alongside allies to reach NATO’s new 5% target by 2035.
The Government of Canada also released its first Defence Industrial Strategy and established the Defence Investment Agency.
Ottawa has pledged to direct 70% of defense spending to Canadian firms, increase defense research and development by 85%, boost exports by 50%, and create 125,000 new jobs.
Dominion said these initiatives represent the most ambitious defense industrial expansion in modern Canadian history.
Dominion Dynamics is backed by venture funds, angel investors, and Canadian pension capital. The company’s team combines defense technology experience, engineering talent, and a national security focus.
KEY QUOTES:
“Canada once built technology the rest of the world wanted, then convinced itself that was someone else’s role. We started Dominion to show the capability never left, and this round lets us build at the scale and speed the moment demands.”
“Starting in the Arctic means starting with the hardest problem set on Earth. The engineers joining Dominion understand that technology proven in the world’s toughest environment can succeed anywhere.”
Eliot Pence, Founder and CEO of Dominion Dynamics
