Ottawa, ON – June 30, 2026 – On the eve of Canada Day, Ottawa-based Dominion Dynamics announced it has raised a CDN $139 million (US$100 million) Series A, the largest round of its kind in Canadian defence history. The company will use the funding to accelerate development of sovereign, Canadian-built defence technology for our country, our Forces and our Allies.

The round was led by Georgian, with participation from Valor Equity Partners, Lakestar, OMERS, the Business Development Bank of Canada, RBC and Deloitte Ventures, among other Canadian and allied investors. It brings the total Dominion has raised to CDN $169 million since the company launched in June 2025.

“This is more than an extraordinary investment milestone. It is a powerful vote of confidence in Canadian innovation, Canadian sovereignty, and Canada’s ability to build globally significant defence and dual-use technologies right here at home. At a time when Canada and our allies are working to strengthen Arctic security, industrial resilience, sovereign capability, and collective defence, Ottawa-based Dominion Dynamics is demonstrating exactly the kind of bold leadership, ambition, and nation-building innovation our country needs. This is what sovereign capability looks like in motion: Canadian-built autonomy protecting our continent, a homegrown operating system for Arctic command and control, and a team with the talent, grit and ambition to go anywhere this mission demands.”

Sonya Shorey, President and CEO, Invest Ottawa

Dominion will put the capital toward scaling its two core technologies. AuraNet, the company’s flagship software platform, fuses scattered sensors and communications into a single operating picture for command and control. Scout, its Autonomous Collaborative Platform, extends the reach of crewed aircraft into remote and demanding environments, beginning with the Arctic. The raise advances Dominion’s goal of building Canada’s next sovereign defence prime: a homegrown firm that can compete with the largest American and European primes while strengthening national security and supporting allies.

“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,” said Eliot Pence, founder and CEO, Dominion Dynamics.

A Milestone Built in Canada’s Defence Innovation Hub

Dominion Dynamics is building in Canada’s Capital Region, the country’s centre of gravity for defence and security. The company has been testing its autonomous technologies at Area X.O, the research and development complex operated by Invest Ottawa and one of Canada’s NATO Defence Innovation Accelerator for the North Atlantic (DIANA) Test Centres.

The raise follows a busy year. Earlier in 2026, Dominion deployed AuraNet with the Canadian Armed Forces during Operation Nanook-Nunalivut, where Canadian Rangers paired the platform with the company’s Arctic-hardened sensors to turn scattered communications and data into a single operating picture across the High Arctic. The company has also worked with the Arctic Training Centre to test next-generation defence technologies in extreme conditions, making sure Canadian-built solutions are proven at home before they reach the global stage, and showcased its work at GCXpo, the next-generation demonstration event hosted by Area X.O and Invest Ottawa.

A Growing Moment for Canadian Defence Technology

Dominion’s raise lands as Canada moves to raise defence spending to five per cent of GDP by 2035, and as Ottawa-Gatineau works to turn that national investment into sovereign capability and economic growth. The region is home to more than 330 defence and aerospace companies, the only cluster of NATO DIANA Test Centres in Canada, and ONE9, the country’s only defence-focused venture capital platform. Dominion’s success is one of a growing number of homegrown stories taking shape across Canada’s Capital Region.

Learn more about Invest Ottawa’s Defence Innovation Hub and how it is connecting partners across industry, government, academia, and the innovation ecosystem to strengthen Canada’s defence and security capabilities at investottawa.ca/dihub.

About Dominion Dynamics

Dominion Dynamics is an Ottawa-based defence and dual-use technology firm dedicated to building sovereign Canadian solutions capable of strengthening national security and competing globally. The company advances resilience and sovereignty through the design, testing and delivery of next-generation defence technologies: dominion-dynamics.com.

Read Dominion Dynamics’ full announcement.