Vires Aeronautics, a San Francisco, CA-based developer of an innovative airplane wing design, raised $1m in Series AA round of financing.
The round was led by Draper Associates with participation from Lemnos Labs, VegasTechFund, Promus Ventures, Lance White, Don Hutchison, and Toivo Annus.
The company will use the funds to grow operations.
Founded in 2012. Vires Aeronautics created a novel wing design for small to mid-sized unmanned aerial vehicles, which aims to enable faster takeoff and landing, increased payload capacity, improved maneuverability, extended range, and reduced fuel consumption.