Arcanus Aerial Systems Inc. raised more than US$27 million in an oversubscribed Series A financing. The Toronto-based defense technology company integrates licensed and allied-partner drone and counter-drone technologies. Research Capital Corporation acted as agent for the brokered portion of the financing.
Funding details
The financing began at US$12.5 million. It later increased the offering to US$25 million and then expanded it further. Investor demand exceeded that expanded level.
Company context
Arcanus combines licensed and allied-partner drone and counter-drone systems with Canadian engineering and production partnerships. It is pre-qualified under the Government of Canada's Defence Drone Initiative Marketplace supply arrangement. That status allows it to compete for Department of National Defence requirements.
Planned expansion
Arcanus has proposed to acquire Infinit Drones Corp. and Nested Technologies Corp. The Woodbridge, Ontario businesses would add engineering and manufacturing capacity, flight-testing capabilities, and customer training and sustainment services. The acquisitions were announced on October 21, 2026.
Net proceeds are intended to expand Canadian manufacturing and assembly. The company also plans to strengthen systems integration and supply-chain capabilities and add engineering and program personnel. The proposed acquisitions remain subject to applicable closing conditions.