Dominion Dynamics, a defence technology company, has announced a $139 million CAD ($100 million USD) Series A financing round. Led by Georgian, the investment marks the largest Series A funding round in Canadian defence history.
The round included participation from institutional and venture investors, including OMERS, the Business Development Bank of Canada (BDC), Royal Bank of Canada (RBC), Valor Equity Partners, Expeditions, Lakestar, and Bessemer Venture Partners. Since its launch in June 2025, the company has raised a total of $169 million CAD.
The capital will be used to scale the company’s manufacturing capacity, expand its engineering team, and accelerate the development of its multi-domain command and control systems.
Dominion Dynamics develops software and hardware designed to integrate data across land, sea, air, and space domains. A primary focus of the fresh funding is “AuraNet,” the company’s flagship software platform.
AuraNet functions as a digital backbone that aggregates data from disparate sources—including ground sensors, patrols, and orbital satellite networks—into a single operational picture. The system aims to bridge the gap between tactical ground operations and space-based monitoring assets to improve data-sharing speeds for NATO forces.
The technology was recently utilized during the Canadian Armed Forces’ high-altitude winter exercise, Operation Nanook-Nunalivut, which ran from February to April 2026. During the exercise, Canadian Rangers deployed AuraNet alongside specialized ground sensors to track missions and maintain real-time communications. The software will also be utilized during the current multi-season Operation NANOOK-TAKUNIQ deployment, which officially began its summer phase this week.
In addition to its data-fusion software, the company is allocating funds to “Scout,” its Autonomous Collaborative Platform (ACP). Scout is an uncrewed aerial vehicle (UAV) engineered to operate as an autonomous wingman alongside crewed fifth-generation fighter jets, extending their sensor reach into austere environments.
By linking airborne platforms like Scout with AuraNet’s data network, the company intends to provide a continuous surveillance loop that connects ground personnel directly with aerial and orbital defense assets.
“Canada once built technology the rest of the world wanted, then convinced itself that was someone else’s role,” said Eliot Pence, founder and CEO of Dominion Dynamics. “We started Dominion to show the capability never left, and this round lets us build at the scale and speed the moment demands.”
To support its technical scaling, Dominion Dynamics recently opened a development office in Toronto and moved into a 25,000-square-foot manufacturing facility in Kanata, Ontario. The company expects to grow its workforce, which includes veterans from the Canadian Armed Forces and engineers from firms such as Anduril, Tesla, Rheinmetall, Google, and Rivian, to over 100 employees by the end of the year.