The new capital will let the “neo-prime” defence company advance its plans to build drones to accompany crewed military planes and to create a resilient communication platform for remote and difficult environments like the Arctic, founder Eliot Pence said. Dominion will also seek to expand abroad and sell to Canadian allies. (The Logic)

Talking point: Defence startups that make physical goods need a lot of early capital to prove their products will work when lives are on the line. Ottawa-based Dominion’s long list of investors—including OMERS, BDC, RBC, BCI and venture-capital firms from the United States and Europe—and the amount of money they’re putting up indicate the breadth of support for Pence’s vision of making gear that militaries just can’t resist buying rather than waiting to respond to government requests. Founded barely a year ago, and not yet having landed a government contract of any size, Dominion raised $4 million in October 2025 and another $21 million in January.