WaveAerospace, Inc. has closed series ‘A’ financing to build the VTOL Huntress Turbojet, which the company describes as the world’s fastest multirotor UAS.

With a pre-money valuation of $40MM, WaveAerospace’s first venture financing will support scaling production of its existing aircraft and the full commercialization of its most powerful rotorcraft, the Huntress II hybrid electric Turbojet.

The round was led exclusively by Augurey Ventures, LLC, in New Jersey and Florida.