The Canadian AI Index

Companies / Defence/Security AI

Defence and security AI companies in Canada

The Canadian AI Index tracks 26 Canadian defence and security AI companies. They have raised C$233M across 21 rounds, including C$196M in 2026.

Largest rounds

CompanyRoundDateAmountInvestors
Dominion DynamicsSeries AJun 2026C$139MGeorgian (lead) and 13 more
Dominion DynamicsSeedJan 2026C$21MGeorgian (lead) and 2 more
LastwallBridge/ExtensionMay 2026C$16MBDC StrongNorth Fund (lead) and 5 more
Juno IndustriesVenture roundMay 2026C$12M—
TrojAISeedApr 2024US$5.8MFlying Fish Partners (lead) and 4 more
CaveloBridge/ExtensionJul 2025C$5MInovia Capital (lead)
CaveloSeedNov 2023C$5MInovia Capital (lead) and 1 more
MycroftSeedSep 2025US$3.5MLuge Capital (lead) and 6 more
Dominion DynamicsPre-seedOct 2025C$4MGolden Ventures, Garage Capital, Afore Capital and 1 more
Perceptive SpacePre-seedAug 2024C$3.9MPanache Ventures (lead)

US$ rounds converted to C$ at the Bank of Canada rate on each round's date to rank them.

All 26 companies

Data as of October 20, 2026.

Support the Index by subscribing to the newsletter.

This database updates every Tuesday. Get the update, plus the week's Canadian AI news, by email.

Subscribe on Substack

Opens Substack in a new tab.