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Dominion Dynamics Secures $21 Million to Compete with Major Defense Contractors in Canada

DEFENSE

Dominion Dynamics, a Canadian defense startup, has raised $21 million in venture capital to position itself as a key contractor for the Canadian military, competing against major firms like Lockheed Martin and Raytheon. The funding will support the development of its AuraNet system for Arctic operations, expansion of its workforce, and the establishment of a manufacturing facility in Ottawa, while the company plans to offer its technology to military personnel for free initially to gather feedback. Dominion is preparing for trials, including participation in Operation Nanook and collaborations with the Canadian Navy.

Dominion Dynamics Secures $21 Million to Compete with Major Defense Contractors in Canada
Jan 20, 2026, 10:56 AM

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