Arcanus Aerial Systems says it has raised more than US$27 million in an oversubscribed Series A to expand its Canadian engineering and production base for drones and counter-drone systems. The Toronto company says the round was launched at US$12.5 million and raised twice before closing.
The release, as issued by Arcanus Aerial Systems
Arcanus Raises More Than US$27 Million to Bring Allied Drone Technologies into Canadian Production
TORONTO, Nov. 13, 2026 – Arcanus Aerial Systems Inc. (“Arcanus” or the “Company”) has raised more than US$27 million in an oversubscribed Series A financing to expand the Canadian engineering, integration and production base behind its drone and counter-drone business.
“Our business is built around integrating licensed and allied-partner technologies into systems we can produce and support in Canada,” said Rahim Rajwani, Chief Executive Officer of Arcanus Aerial Systems. “This financing will strengthen the engineering, production and program teams responsible for taking those systems through to customer delivery.”
Net proceeds are intended to expand Canadian manufacturing and assembly, strengthen systems integration and supply-chain capabilities, add engineering and program personnel, and fund inventory and working capital for customer delivery.
“We launched this round at US$12.5 million, increased the offering to US$25 million and then expanded it to US$27 million. Demand exceeded even that level, and we closed above US$27 million,” said Matthew Ewing, Executive Chairman and Chief Strategy Officer of Arcanus. “That investor support gives us more capacity to invest in Canadian production and execute customer programs.”
Research Capital Corporation acted as agent for the brokered portion of the financing.
Canadian expansion and customer programs
Arcanus combines licensed and allied-partner drone and counter-drone technologies with Canadian engineering, systems integration and production partnerships. The Company is advancing customer programs and actively converting selected opportunities in its multi-billion-dollar pipeline into contracts.
The proposed acquisitions of Infinit Drones Corp. and Nested Technologies Corp., announced on October 21, 2026, are part of that Canadian expansion. The Woodbridge, Ontario businesses would add engineering and manufacturing capacity, flight-testing capabilities, and customer training and sustainment services. Pending completion, the companies are collaborating under a joint venture covering sales, bids, demonstrations, engineering and production planning. The acquisitions remain subject to the applicable closing conditions.
Arcanus is pre-qualified under the Government of Canada’s Defence Drone Initiative Marketplace supply arrangement to compete for Department of National Defence requirements. The Company’s planned production and support expansion is intended to strengthen its ability to pursue and execute these programs.
About Arcanus Aerial Systems Inc.
Arcanus Aerial Systems Inc. is a Canadian defence technology company headquartered in Toronto, Ontario. The Company integrates and licenses unmanned aerial systems, counter-UAS and related defence technologies for Canadian and allied markets, working with a portfolio of technology and manufacturing partners. For more information, visit www.arcanus.ca.
