Toronto – September 28, 2026 -- Daedal Systems has raised US$4.035 million to build and deploy its first standardized plasma diagnostic systems with pilot customers in the fusion industry. OMERS Ventures led the round, joined by Garage Capital, Panache Ventures, Ripple Ventures, MaRS Investment Accelerator Fund and a group of angel investors.
Funding will build three diagnostic systems for pilot deployment
Daedal will use the capital to construct its first three diagnostic systems and deploy prototypes under contract with pilot customers. The company has also established a research partnership with the University of Wisconsin-Madison.
Fusion developers currently duplicate measurement work in-house
Fusion companies typically build plasma diagnostic systems internally despite measurement technology sitting outside their core reactor intellectual property, according to Daedal. This duplication across the sector diverts capital, time and engineering talent away from the reactor technologies that differentiate individual companies.
Henry Gould, founder and CEO of Daedal Systems, previously built and deployed plasma measurement systems at General Fusion. He said the same diagnostic challenge recurs across the sector, with companies recreating similar systems rather than accessing standardized, high-quality alternatives.
Platform delivered as a service adapts to different reactor designs
Daedal's diagnostic platform is delivered as a service and can adapt to different fusion machines and reactor approaches. The company positions the offering as a way to produce higher-quality data faster while independently validating technical milestones for investors and partners, reducing reliance on lengthy peer-review timelines.
Technical advisor links diagnostics to NIF's 2022 ignition milestone
Dr. Johan Frenje, a technical advisor to Daedal Systems, said advanced plasma diagnostics were among the key enabling technologies behind the National Ignition Facility's 2022 fusion-ignition and target-gain demonstration. He said measurement solutions built specifically for private-sector needs will be essential as the technology advances outside government labs.
OMERS Ventures cites ecosystem-building rationale for the investment
Brian Kobus, managing partner at OMERS Ventures, said realizing fusion's long-term potential will require a broader ecosystem of specialized companies and expertise, and that measurement infrastructure can help attract the talent needed to advance the technology.
Daedal plans to initially serve the fusion industry before expanding toward a longer-term ambition of becoming a major instrumentation provider for commercial fusion power and other industries requiring advanced measurement systems.