Ottawa-based Dominion Dynamics has emerged with $21 million in seed financing to challenge U.S. defence giants supplying Canada. The round was led by Georgian, with participation from Bessemer Venture Partners and British Columbia Investment Management Corporation.
Led by chief executive Eliot Pence, a former Anduril executive, Dominion is developing technology that enables Canadian Rangers to transmit data from Arctic patrols back to headquarters. The tools have already been deployed in trials, with further testing planned. Dominion aims to build an interoperable intelligence system for remote operations and believes its technology will be compelling enough to win contracts in Canada and abroad.
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