Dominion Dynamics
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Investors
Founders
About
Dominion Dynamics is an Ottawa, Canada-based defence technology company building specialized sensing, telemetry-fusion, and command-and-control software designed to maintain persistent situational awareness in extreme and infrastructure-constrained environments 123. The company’s flagship platform AuraNet powers an Arctic surveillance network already used by the Canadian Rangers in the High Arctic, and the company is developing Scout, an uncrewed AI-powered drone designed to operate independently or alongside fighter jets 123. Dominion Dynamics was founded in June 2025 by Eliot Pence and operates a manufacturing facility in Kanata, Ontario and a development office in Toronto 13. The June 2026 round closed at a USD 400M post-money valuation (CAD 570M) and is reported as the largest Series A in Canadian defence-tech history 234.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-30 | Series A | C$139M (USD 100M; USD 400M post-money) | Georgian | Valor Equity Partners, Expeditions, Lakestar, OMERS, BDC, RBC, Deloitte Ventures, JDY Capital, BCI, Bessemer Venture Partners, Garage Capital, Golden Ventures, Silent Ventures 1234 |
What Investors Say
“Signals that the global investment community sees the opportunity in Canada.” — Margaret Wu, Georgian, quoted in BetaKit, June 30, 2026 2
What Founders Say
“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.” — Eliot Pence, Founder & CEO, Dominion Dynamics, June 30, 2026 press release 1
“What this cap table really reflects now is a true best of the best from the NATO Alliance.” — Eliot Pence, Founder & CEO, Dominion Dynamics, quoted in BetaKit, June 30, 2026 2
Sources
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PR Newswire, “Dominion Dynamics Raises $139M CAD Series A to Scale Arctic Surveillance Network and Drone Systems,” June 30, 2026. Accessed June 2026. https://www.prnewswire.com/news-releases/dominion-dynamics-raises-139m-cad-series-a-to-scale-arctic-surveillance-network-and-drone-systems-302813965.html — Confirms C$139M Series A led by Georgian. Participating investors: Valor Equity Partners, Expeditions, Lakestar, OMERS, Business Development Bank of Canada (BDC), Royal Bank of Canada (RBC), Deloitte Ventures (Canada), JDY Capital, British Columbia Investment Management Corporation (BCI), Bessemer Venture Partners, Garage Capital, Golden Ventures, Silent Ventures. Total raised since June 2025 launch: C$169M. ↩↩↩↩↩
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BetaKit, “Dominion Dynamics lands $139 million in Canada’s largest defence-tech Series A,” June 30, 2026. Accessed June 2026. https://betakit.com/dominion-dynamics-lands-139-million-in-canadas-largest-defence-tech-series-a/ — Independent confirmation of C$139M Series A led by Georgian with the same investor syndicate. Notes Valor Equity Partners participation came via its Valor Atreides AI Fund and BDC participation came via its Strong North Fund. ↩↩↩↩↩↩
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Ottawa Business Journal, “Dominion Dynamics closes $139M funding round in bid to scale defence technology,” June 30, 2026. Accessed June 2026. https://obj.ca/dominion-dynamics-closes-139m-funding-round/ — Third independent confirmation of C$139M Series A; reports Ottawa headquarters and Kanata, Ontario manufacturing operations. ↩↩↩↩↩
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Resilience Media, “Dominion Dynamics raises $100M at a $400M valuation to build defence tech for arctic environments,” June 30, 2026. Accessed June 2026. https://resiliencemedia.co/dominion-dynamics-raises-100m-at-a-400m-valuation-to-build-defence-tech-for-arctic-environments/ — Fourth independent confirmation; reports USD 400M post-money valuation (CAD 570M), USD 100M / CAD 150M round size, and confirms Georgian also led the prior USD 15M seed round in January 2026. ↩↩