Ethereal Machines raises $13 million in Series A funding led by Peak XV Partners and Steadview Capital for R&D and smart factory in Bengaluru
Ethereal Machines raises $13 million in Series A funding led by Peak XV Partners and Steadview Capital for R&D and smart factory in Bengaluru
06/13/24, 9:55 AM
Location
bengaluruMoney raised
$13 million
Industry
manufacturing
Round Type
series a
Investors
Sandeep Singhal, Enam Investments, Blume Ventures, Steadview Capital, Peak Xv Partners
Ethereal Machines, a deeptech startup based in Bengaluru, has raised $13 million in a Series A funding round led by Peak XV Partners and Steadview Capital. The company plans to utilize the capital for Research & Development and to set up its facility in Bengaluru. The funding round also saw participation from existing investors Blume Ventures, Enam Investments, and Sandeep Singhal.
Company Info
Location
bengaluru, karnataka, india
Additional Info
Ethereal Machines manufactures precision engineering parts faster and/or cheaper. We achieve this by building multi-axis CNC machining platforms leveraging proprietary technology since 2014. With requisite certifications in place, we cater to the Defense, Aerospace, Healthcare & Electronics industries.