Georgian leads the Ottawa defence technology company’s Series A financing
Dominion Dynamics has closed a $139 million CAD Series A to expand its Arctic surveillance technology and autonomous aircraft program, in what the company says is the largest Series A financing in Canadian defence history.
The Ottawa based company has now raised $169 million since launching in June 2025.
The investors
Georgian led the round, with participation from Valor Equity Partners, Expeditions, Lakestar, OMERS, the Business Development Bank of Canada, RBC, 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.
Proven up north
Dominion builds command and control systems for extreme environments, starting in the Arctic.
Earlier this year, the company deployed its AuraNet software platform with the Canadian Armed Forces during Operation Nanook Nunalivut. Over two months in the High Arctic, Canadian Rangers used AuraNet alongside Dominion’s Arctic hardened sensors to combine communications and operational data into a single operating picture.
According to Dominion, the system supported mission tracking, planning and real time communications. The company funded the deployment itself.
Where the money goes
Dominion will use the financing to accelerate development of AuraNet and Scout, its Autonomous Collaborative Platform.
Scout is being developed to extend the reach of crewed fighter aircraft into austere environments.
The company also plans to grow its workforce past 100 employees by the end of 2026. Dominion says it has recruited engineers from Anduril, Tesla, Rheinmetall, Google and Rivian, along with Canadian Armed Forces veterans.
In June, the company moved into a 25,000 square foot manufacturing facility in Kanata and opened a development office in Toronto.
The bigger picture
The financing arrives as Ottawa looks to expand domestic defence production, strengthen Canadian controlled intellectual property and help smaller defence companies scale.
Canada’s Defence Industrial Strategy identifies integrated command and control systems and uncrewed and autonomous platforms as sovereign capabilities. It also targets increasing the share of defence acquisitions awarded to Canadian firms to 70%, raising government investment in defence research and development by 85%, growing defence exports by 50% and creating 125,000 jobs.
For Vanguard readers, the round shows how much venture and institutional capital Canadian defence technology can now attract. It also gives Dominion the resources to move from an early Arctic deployment toward larger scale production and development.
