Vision Spatial Technologies

Sam Dugan, a mechatronics graduate from Waterloo, Ontario, founded Vision Spatial Technologies around SmartPatrol, a computer-vision safety system for ski resorts.

He pitched in Season 15, episode 5, which aired in 2020, asking for $250,000 for 20%. That request valued the young company at $1,250,000.

According to the University of Waterloo's own news office, Dugan negotiated a preliminary $250,000 investment from two Dragons, Lane Merrifield and Michele Romanow, in exchange for a 30% stake. The word preliminary is the show's usual signal for an on-air agreement that still has to clear due diligence.

The company is operating. On July 23, 2026 its site was actively promoting SmartPatrol to ski resorts with a demo request form, team bios, and current contact details. Because this is a business-to-business safety product rather than a consumer purchase, there is no checkout link to share.

The ask, $250,000 for 20%, values the company at $1,250,000. The reported deal, the same cash for 30% from two Dragons, keeps the cheque flat while lifting the equity, which drops the implied valuation to about $833,000.

Two Dragons splitting a preliminary $250,000 is a normal shape for a young business-to-business company, where the introductions matter more than the money. SmartPatrol sells computer-vision safety to ski resorts, a market of a few hundred buyers in North America, each with a long procurement cycle and a strong incentive to reduce collisions on the hill. The company is operating and promoting the system to resorts with a demo request form and current contact details.