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Canada’s Defense Tech Giant Secures $100M | Business and Finance News
Description
Dominion Dynamics, a Canadian defense startup, just landed a $100 million Series A — the biggest ever for a Canadian defense firm — fueling rapid growth of its AuraNet command software and Scout drone system. With Canada ramping up military spending and Arctic security priorities, Dominion’s tech was even field-tested in recent northern exercises. Founder Eliot Pence, ex-Anduril, is pushing to rebuild Canada’s defense manufacturing prowess, backed by $119 million raised since launch and a new manufacturing facility. This marks a pivotal moment in reshaping global defense tech and Canada’s strategic role within it.
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