Startups
Canada Ex-Defense Minister’s Startup Juno Sees Anduril-Type Role
A soldier dismantles a thermal imaging drone during the Canadian Armed Forces' annual Arctic training and sovereignty operation in Inuvik, Northwest Territories.
Photographer: Cole Burston/AFP/Getty ImagesA defense technology startup chaired by Canada’s former defense minister is raising funds while the country rapidly rearms, and launched its first product aimed at Arctic security.
Vancouver-based Juno Industries Inc. hopes to close a Series A round of about C$10 million ($7.2 million) by mid-April, Chief Executive Officer Hunter Scharfe said in an interview. The startup “will probably be doing another round quite quickly after that” to fund testing, hiring and facilities, he said.