Major investment to advance sovereign air and missile defence capability
Calgary, Alberta, October 26, 2026 – North Vector Dynamics (NVD), a Canadian-owned and controlled defence technology company headquartered in Calgary, Alberta, has closed a Series A round exceeding $20 million USD ($29 million CAD) that values the company at more than $90 million USD.
The close of the Series A round validates NVD’s team and the promise of is technology to protect and defend NATO Allies and partners across the globe.
NVD’s initial commercial product is CM-70, a low-cost, precision-guided counter-drone missile interceptor. CM-70 is designed to provide effective modern air defence by neutralizing threats posed by the high-speed, highly maneuverable unmanned aerial systems (UAS) currently threatening western Allies and partners in Ukraine and the Gulf.
The system is ITAR-free and based on an open architecture designed to easily integrate with existing layered air defence architectures.
The Series A funding will allow NVD to build out manufacturing and assembly, increase vertical integration, secure its supply chain, open new offices in the United States and Europe, and attract new talent.
“Allied forces need affordable, producible air defence at scale, and they need it now,” said Dr. Paul Ziadé, Co-Founder and Chief Executive Officer, North Vector Dynamics. “This round gives us the capital and the industrial reach to move from validation toward production volume and into Allied markets.”
The development of CM-70 aligns with Canada’s Defence Industrial Strategy and has been supported through early funding and ongoing testing support from Defence Research and Development Canada, a Department of National Defence (DND) agency.
North Vector Dynamics was established in 2022 to develop next-generation technologies for air and missile defence. The company was co-founded by CEO Dr. Paul Ziadé and Chief Science Officer Dr. Craig Johansen, both former engineering professors at the University of Calgary, together with Dr. Colin Hill, who brings expertise in rocket propulsion and aerodynamics. General (Ret) Tom Lawson, who served as the senior military commander of the Canadian Armed Forces, serves as a Strategic Advisor.
The Series A round was led by Tech Horizons, a European venture capital fund focused on defence, security, and resilience technologies that invested in NVD’s Seed round, with participation from ONE9, Garage Capital, CSG, Ripple Ventures, Feld Ventures, and Conconi Growth Partners and others.
“When we invested in North Vector Dynamics this spring as its first European investor, we were convinced above all by the exceptional calibre of its founding team and its technological vision,” said Matej Luhový, Partner, Tech Horizons.
“The company’s founders have successfully translated world-class research into a solution addressing one of the defining challenges of today’s battlefields: how to protect soldiers and critical infrastructure from large-scale drone and loitering munition attacks in a cost-effective manner. The successful completion of the Series A round validates our original investment thesis and reinforces our belief that technologies like these will play a decisive role in strengthening the defence capabilities of democratic nations.”
About North Vector Dynamics
North Vector Dynamics is a Canadian-owned and controlled defence technology company specializing in precision interception, autonomy, and advanced propulsion. NVD is building a full-spectrum missile capability, from counter-UAS solutions to hypersonics, designed to serve and defend NATO member states and their allies and partners. Backed by leading North American and European defence tech investors, NVD is led by a team of experienced engineers, scientists, and operators with experience in academia, NASA, and the Canadian Armed Forces. As a trusted partner of defence primes and systems integrators, NVD is quickly establishing itself as a venture-backed defence technology innovator. For more information, visit: www.northvectordynamics.com
About Tech Horizons
Tech Horizons is a venture capital fund established through a strategic partnership between a team of experienced venture capital professionals and the industrial-technological group CSG (Czechoslovak Group). The fund invests in the most promising defence, security, and deep-tech companies across NATO countries and their allies. It focuses on businesses developing advanced technologies for a safer and more resilient future—from defence tech and deep tech to dual-use innovations. Tech Horizons supports projects that enhance not only the security of people—their lives, health, data, and privacy—but also the resilience and security of institutions, businesses, governments, and critical infrastructure. Tech Horizons’ portfolio includes companies such as Firehawk Aerospace, which develops solid rocket motors and hybrid engines using 3D-printed propellant, Bavovna AI, which builds navigation technology for uncrewed vehicles, and Occam Industries, which develops autonomy software for drone platforms. For more information, visit: www.techhorizons.eu
Noah Note: A huge congratulations to North Vector here. This is an absolutely phenomenal run for them, better than I would have expected. Of course as one of the few comoanies trying to build Canada’s missile ecosystem, North Vector has attracted a lot of subsequent interest from folks.
The primary product, of course, in the companies lineup is the CM-70 CUAS Interceptor, a low-cost missile built to neutralize Group I through III UAS. Unlike traditional missiles that may cost hundreds of thousands of dollars, the CM-70 has a low price point of ~$10,000 a shot. The CM-70 is engineered for scalable, high-volume production as an alternative to traditional V-SHORAD systems.
It features a mass of approximately 2.5 kg, a length of 0.72 meters, can achieve high-subsonic speeds of over 720 km/h, and has a range of ~2km. To operate effectively in electronic warfare environments, it is designed to be "radio silent," utilizing onboard Al-powered infrared (IR) guidance to track and intercept targets without relying on GPS or active communication links.
It is a very unique system in the Canadian context, and one of the few Kinetic CUAS solutions being developed in a fully-Canadian context. Tech Horizons is part of the woder CSG ecosystem, whom have been on the Canadian expansion the last few months. The most notable of which has been their move on MDA Space, but the company has maintained a very healthy relationship with North Vector as well.
The company recently launched it's own American presence in CSG Land Systems North America and CSE USA. The company is contracted it's under subsidiary MSM North America to construct the Future Artillery Complex (FAC) at the Iowa Army Ammunition Plant. That facility will eventually produce upwards of 36,000 155mm artillery shells per month.
CSG also recently announced new a joint venture named Firecrest Aerospace, formed by its subsidiaries CSE USA and AviaNera Technologies to produce turbojet and turbofan engines for PGM, UAS, and other platforms in Stevens Point, Wisconsin.
While the companies Canadian expansion has been a bit more limited, it does exist, and is looking to do a lot more. Context is key that they are still early stage, but don't be surprised if you see a lot more out of CSG in the coming months.
For North Vector, whom is also on the expansion and, as mentioned, trying to build their supply chain, the opoortunities are immense. In the Cansdian context, they are again one of few companies really pushing into the Kinetic side of things, where Canadian companies primarily focus on the non-kinetic. Their relationship woth CSG also gives them a natural partner to collaborate on VSHORAD solutions with, with the comoany already maintaining a fairly well developed CUAS/VSHORAD ecosystem.
No matter what, I think this is just the beginning for the company. Sky's the limit IMO for them.