Ottawa’s Dominion Dynamics raises CA$139M, a record for Canadian defence
Canada just produced the biggest Series A in its defence history. The money is going into autonomous drones and the software to run a war in the Arctic.
Dominion Dynamics, an Ottawa defence-technology company, has raised CA$139mn ($100mn) in a Series A round. The raise is the largest of its kind in Canadian defence history, the company said. Georgian, Canada’s largest independent venture firm, led it. Dominion has now raised CA$169mn since it launched in June 2025.
The investor list reads like a roll-call of allied defence money. It includes Valor Equity Partners and Bessemer Venture Partners in the US, Lakestar and Expeditions in Europe, and Canadian names such as OMERS, RBC, and BDC, according to the announcement. The pitch that drew them is simple. Autonomy is about to reshape how NATO defends itself, and the Arctic is where the hardest version of that problem lives.
Software for...
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