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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

PRIVATEJun 13, 2024

Amount Raised

$13 Million

Round Type

Series A

BengaluruManufacturing

Investors

Sandeep SinghalEnam InvestmentsBlume VenturesSteadview CapitalPeak XV Partners

Description

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.

Who else raised in Manufacturing around the same time

Companies in the same sectors as Ethereal Machines that raised within 45 days of this round, from Fundz verified event records.

  • ecop raised $9.2M (Grant) on July 26, 2024.
  • Jones Soda raised $5.9M on July 26, 2024.
  • Nasher Miles raised $4M (Private Equity) on July 26, 2024.
  • 4D Medicine raised $4.4M (Series A) on July 26, 2024.
  • Micropep Technologies raised $29M (Series B) on July 25, 2024.
  • Unspun raised $35M on July 25, 2024.

Who to call at Ethereal Machines, and when

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Company Information

Company

Ethereal Machines

Location

Bengaluru, Karnataka, India

About

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.

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Related People

1 contact
Verified contactsSumeet U., Head of Business OperationsSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Ethereal Machines raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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