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North Vector Dynamics raises $20M Series A for counter-drone tech

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North Vector Dynamics raised a $20 million USD ($29 million CAD) Series A led by European defense investor Tech Horizons at a $90 million USD valuation, the Canadian defense tech company told BetaKit. NVD said the round, which closed this past summer, was among the largest defense tech financings in Canada. The money is meant to scale NVD's reach and build out manufacturing. Its CM-70 anti-drone system is not in use by any military force; NVD has tentative plans to start delivering it to customers in 2027, with initial manufacturing expected early next year. NVD expects to double headcount to roughly 50 employees in the next six to eight months.

AI-generated from reports · 2 hours agoUpdate

Latest updatesOct 27 01:02
North Vector Dynamics raises $20M Series A for counter-drone tech

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Oct 27
  1. BetaKitTop Deals
    North Vector Dynamics raises $20M Series A for counter-drone tech

    North Vector Dynamics raised a $20 million USD Series A led by Tech Horizons at a $90 million USD valuation.

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