Dominion Dynamics, an Ottawa-based defence technology startup, has secured C$50 million from Canada's National Research Council and C$21 million in seed funding led by Georgian to develop Canada's first autonomous combat aircraft. The round included participation from Bessemer Venture Partners and British Columbia Investment Management Corporation. Founded by former Anduril Industries executive Erik Pence, the company is developing an Autonomous Collaborative Platform designed to operate alongside Royal Canadian Air Force F-35A fighters in Arctic missions. The delta-wing aircraft, internally called "Scout", will carry heavy weapons payloads and operate over thousands of miles using satellite communications. Dominion Dynamics plans to complete a subscale prototype within 18 months and is relocating to a 35,000-square-foot facility near Ottawa on 1 June to support manufacturing and testing.

Photonic Inc., a Vancouver-based quantum computing company, has closed an investment round of over $200 million USD ($275 million CAD), achieving a $2 billion USD ($2.7 billion CAD) post-money valuation. The round was led by UK-based Planet First Partners, bringing Photonic's total capital raised to over $350 million USD ($475 million CAD). New investors include Business Development Bank of Canada, Export Development Canada, Bell Ventures, Firgun Ventures and InBC Investment Corp. The round's first close in January 2026 attracted Royal Bank of Canada, TELUS, British Columbia Investment Management Corporation and Microsoft. Photonic is developing fault-tolerant quantum computing through its Entanglement First Architecture, which combines silicon-based qubits with photonic connectivity that scales across existing telecom infrastructure. The company employs over 160 people across operations in Canada, the United States and United Kingdom.

Grow Therapy raises $150M Series D led by TCV to fix US mental health access with AI notes, EAP-insurance handoffs, and 220M covered lives. 10M visits facilitated