Juno Industries Closes $12 MN Oversubscribed Financing to Build Canada’s Modern Defence Prime
Press Release
Vancouver, BC – May 1, 2026 – Canadian defence technology company Juno Industries (“Juno Industries” or the “Company”) today announced the successful close of its $12,000,000 oversubscribed financing of subscription receipts (the “Financing”), bringing in new capital to support the next phase of the Company’s growth.
This financing round welcomed new Canadian institutional, VC, and individual investors. Juno Industries will use the funds to support company and team expansion, R&D acceleration, M&A opportunities, and the development and deployment of needs-based solutions for Canadian and allied national security.
“This round, supported by an engaged and mission-aligned group of Canadian investors, accelerates our ability to build the technology and teams required to establish Canada as a serious, sovereign defence power. We are pleased to partner with this group of investors and we are proud to broaden our work with the Armed Forces as we work to build Canada's modern defence prime,” said Hunter Scharfe, CEO and Co-Founder of Juno Industries.
“Canada and our NATO allies are at a turning point in national defence and Juno Industries exists to be a leader of that transformation,” continued Scharfe.
Last month the company announced the development of its Arctic-ready autonomous platform ‘Polar Nexus’, designed to fortify and modernize communications and enhance sensing and intelligence capabilities across defence and commercial markets, with an initial focus on the Canadian North.
About Juno Industries Inc.
Juno Industries is a defence technology company with a mission to re-establish Canadian dynamism by building a leading modern defence prime. Juno Industries is focused on developing and deploying advanced autonomous robotic systems, AI-native command and control software, and persistent sensor fabrics to strengthen Canadian and allied national security, sovereignty, and defence capabilities by harnessing Canadian technical talent and innovation. The company has released Polar Nexus, an autonomous platform designed to fortify communications and enhance sensing and intelligence capabilities in the Arctic and harsh environments. Juno Industries is co-founded by former Minister of National Defence Harjit Sajjan and technology entrepreneur Hunter Scharfe. Learn more at junoindustries.ca