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- Dominion Dynamics
Dominion Dynamics Valuation, Funding & Investors
Dominion Dynamics is valued at $412M as of June 2026.
Last Dominion Dynamics valuation
$412M
Series A · Jun 2026
Last Dominion Dynamics funding round
$100M
Series A · Jun 2026
Cumulative funding Dominion Dynamics raised
$120M
across 3 funding rounds
Key investors in Dominion Dynamics
Bessemer Venture Partners
Afore Capital
Golden Ventures
Georgian
Garage Capital
BCI
About Dominion Dynamics
Dominion Dynamics is a Virginia-based technology company engineering an AI-enabled sensing network for Arctic domain awareness, integrating radar, satellite, and underwater sensors for military command-and-control and civilian maritime safety applications.
Founded
2025
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Product sales
Valuation
$412M (Jun 2026)
Dominion Dynamics Valuation
Dominion Dynamics is currently valued at $412M, based on its Series A in June 2026.
The $100M round was led by Georgian, with participation from Expeditions Fund, Atreides Management, RBC, Deloitte, Bessemer Venture Partners and 7 other investors.
Dominion Dynamics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Series A | $412M |
Dominion Dynamics Funding History
Dominion Dynamics has raised a total of $120M across 3 funding rounds.
Dominion Dynamics' first fundraising round was a $4M pre-seed round in August 2025. The most recent completed round was a $100M Series A in June 2026.
Dominion Dynamics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series A | Georgian (lead); Expeditions Fund; Atreides Management; RBC; Deloitte; Bessemer Venture Partners; BCI; OMERS Ventures; Garage Capital; Valor Equity Partners; Lakestar; Business Development Bank of Canada; Golden Ventures | $100M | $412M | Dominion Dynamics closed a US$100 million (CAD$139 million) Series A financing round on June 30, 2026, led by Georgian Partners, with participation from Bessemer Venture Partners, Valor Equity Partners, Lakestar, OMERS, Business Development Bank of Canada, Royal Bank of Canada, Deloitte Ventures Canada, JDY Capital, and existing investors British Columbia Investment Management Corporation, Garage Capital, Golden Ventures, and Silent Ventures. This round represents the largest Series A ever raised by a Canadian defense technology company, bringing the Ottawa-based firm's total funding to approximately US$122 million since its launch in June 2025. The company plans to utilize the capital to accelerate development of AuraNet and Scout, its autonomous collaborative platform for Arctic defense, and to expand its team rapidly. Bessemer Venture Partners was a founding investor in the company's US$15.2 million seed round led by Georgian in January 2026. |
| Jan 2026 | Seed | BCI (lead); Bessemer Venture Partners (lead); Georgian (lead); Silent Ventures; Afore Capital | $15M | - | Dominion Dynamics is a Canadian defence technology company building the Arctic autonomy stack, a fusion of sensing, autonomous systems, and networked platforms for interoperable, attritable operations in contested Arctic environments and NATO missions. The company develops Auranet, a network of robust sensors for continuous northern territory monitoring, and an autonomous collaborative drone platform designed to integrate with fifth-generation fighter jets. On January 19, 2026, Dominion Dynamics raised a $21M CAD ($15.2M USD) seed round led by Georgian, with participation from Bessemer Venture Partners, BCI, and Silent Ventures, bringing total funding to $26M CAD ($18.8M USD) since its Q4 2025 launch. This marks one of the largest early-stage investments in Canada's defence sector. The capital will accelerate deployment to the Arctic via Operation Nanook, advance the autonomous platform, expand XLabs university programs, and support hiring five times more engineers. Dominion Dynamics, founded by Eliot Pence (former Anduril executive), has demonstrated technology through field trials in Northern Ontario and Yukon deployments. It plans a new Toronto development office, a 25,000 sq. ft. factory in Kanata, ON, and nationwide recruitment in Ottawa and Toronto to scale operations. |
| Aug 2025 | Pre-seed | Afore Capital; Side Door Ventures; Garage Capital; Jackson Moses; Golden Ventures | $4M | - | Dominion Dynamics is a defence technology startup focused on modernizing Arctic surveillance through mesh networks capable of detecting vessels at low cost. The company raised $4 million in pre-seed funding backed primarily by Canadian investors including Garage Capital, Golden Ventures, Afore Capital, Side Door Ventures, and strategic angels. Less than $50,000 came from U.S.-based investors, highlighting the company's Canadian roots. The funding, structured as a SAFE, will support product development, field testing, and team expansion from fewer than 10 to around 40 employees by early 2026. In September, Dominion Dynamics signed a three-year partnership with the Arctic Training Centre in Whitehorse for developing and field-testing systems in extreme northern conditions. COO Mitch Carkner stated the company aims to deploy a mesh network across the Arctic within 12 to 18 months at a fraction of NORAD modernization costs. Founder and CEO Eliot Pence emphasized building sovereign defence capabilities amid Canada's defence renaissance, including government commitments to increase defence spending to 5% of GDP by 2035 and new procurement initiatives. |
Who has invested in Dominion Dynamics?
17 investors have backed Dominion Dynamics across its funding rounds, including Bessemer Venture Partners, Afore Capital, Golden Ventures, Georgian, Garage Capital and BCI.
Lead investors include Georgian, BCI and Bessemer Venture Partners.
Dominion Dynamics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2026 | ||
| 2 | Lead | Jan 2026 | ||
| 2 | Participant | Aug 2025 | ||
| 2 | Lead | Jan 2026 | ||
| 2 | Participant | Aug 2025 | ||
| 2 | Participant | Aug 2025 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jan 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Participant | Aug 2025 | ||
| 1 | Participant | Jun 2026 | ||
This data is available for Pro users. Sign up to see all 17 Dominion Dynamics investors. Start Free Trial | ||||
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Start Free TrialDominion Dynamics Competitors
Dominion Dynamics competitors include listed companies like Swarmer and Xtend AI Robotics, and private ones like ideaForge, RED 6, Forterra and Heven AeroTech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $310K | ($8M) | $342M | 101.7x | ||
| Private | $152M | - | $304M | 2.0x | ||
| Private | $54M | - | $277M | 5.1x | ||
| Private | - | $82M | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $20M | ($27M) | $1.2B | - |
Dominion Dynamics Public Comps
Dominion Dynamics is still privately-owned, but its public comps include ECARX Group, Lubawa, FMS Enterprises Migun, MNC Solutions, Swarmer, Volatus Aerospace, Altınay Savunma, Ashot Ashkelon, Palladyne AI and DOF Robotics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $848M | ($23M) | 1.1x | 0.9x | (40.7x) | 60.0x | |||
| $163M | $39M | 2.3x | - | 9.8x | - | |||
| $121M | $48M | 3.7x | - | 9.4x | - | |||
| $294M | $45M | 1.1x | - | 7.5x | - | |||
| $310K | ($8M) | 1023.2x | 101.7x | (37.3x) | (29.1x) | |||
| $25M | ($8M) | 12.5x | 11.1x | (37.6x) | (38.6x) | |||
| $65M | $9M | 5.6x | - | 38.3x | - | |||
| $151M | $30M | 4.2x | - | 21.5x | - | |||
This data is available for Pro users. Sign up to see all Dominion Dynamics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Dominion Dynamics
| When was Dominion Dynamics founded? | Dominion Dynamics was founded in 2025. |
| Where is Dominion Dynamics headquartered? | Dominion Dynamics is headquartered in Ottawa, Canada. |
| Is Dominion Dynamics publicly listed? | No, Dominion Dynamics is a private, VC-backed company. |
| What is Dominion Dynamics' valuation? | Dominion Dynamics was last valued at $412M in its Series A in June 2026. |
| How much funding has Dominion Dynamics raised? | Dominion Dynamics has raised $120M across 3 funding rounds. |
| What was Dominion Dynamics' last funding round? | Dominion Dynamics' last funding round was a $100M Series A in June 2026, led by Georgian. |
| Who are Dominion Dynamics' investors? | Dominion Dynamics' investors include Georgian, Bessemer Venture Partners, Afore Capital, BCI, Garage Capital, Golden Ventures, Expeditions Fund, Atreides Management, Silent Ventures, RBC and 7 others. |
| Which companies are comparable to Dominion Dynamics? | Companies comparable to Dominion Dynamics include Swarmer, ideaForge, RED 6, Forterra, Heven AeroTech and Xtend AI Robotics. |
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