The Medicine Hat-based firm makes reusable remotely piloted winged aircraft that carry sondes, the types of devices that single-use weather balloons carry up into the stratosphere to take atmospheric readings. The Business Development Bank of Canada didn’t reveal the amount of the investment or its terms, but Landing Zones said it will use the money for research and development, scaling production, and commercializing the next generation of its technology. (The Logic)

Talking point: The StrongNorth Fund is part of BDC’s new commitment to the defence sector. It’s focused on dual-use tech—technology that can serve both military and civilian purposes. Aerospace and sensors are among the fund’s major targets. Landing Zones has recently received other federal funding to integrate AI into its drone systems and to adapt them to cope better with icy conditions.