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, 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.