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Sydney startup Mako has raised $28 million in Series A funding, led by Virescent Ventures, to launch its sharkskin-inspired technology for reducing aircraft drag.

PRIVATEJun 29, 2026•about 1 month ago

Amount Raised

$28 Million

Round Type

Series A

WilmingtonInformation TechnologySoftwareArtificial IntelligenceMachine Learning

Investors

Tree ArcIp GroupSkip CapitalGrok VenturesZero Infinity PartnersInternational Airlines Group (Iag)Virescent Ventures

Description

Mako, a startup specialized in drag reduction technology, has successfully gathered $28 million in a Series A funding round. The investment, spearheaded by Virescent Ventures, will support the global launch of its innovative Flightfilm product. This technology has the potential to significantly reduce fuel burn for commercial aircraft. Mako plans to utilize the funds for regulatory approvals and manufacturing scale-up.

Company Information

Company

Mako

Location

2810 N CHURCH ST.

Wilmington, Delaware, United States

About

Mako was formerly known as A2 Labs. Mako's technology eliminates the need for expensive and manual GPU optimization. Go from unmodified PyTorch to automatically generated high-performance code that runs efficiently on any hardware.

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Funding Insights

Based on industry data

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Monthly burn rate benchmark

47% of Series A startups spend $400k or more per month on operations

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech