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Ethereal Machines raises $28.5 million in Series B round led by Avataar Ventures. The funding will enhance manufacturing infrastructure and support international expansion.
PRIVATEJun 11, 2026•4 days ago
Amount Raised
$28.5 Million
Round Type
series b
BengaluruManufacturing
Investors
Peak Xv PartnersAvataar Ventures
Description
Deep-tech precision manufacturing startup Ethereal Machines has raised $28.5 million in a Series B funding round led by Avataar Ventures, with participation from Peak XV Partners. The fresh proceeds will be used to expand manufacturing infrastructure and develop India's first indigenous multi-axis CNC controller. Ethereal Machines' MaaS revenue has grown threefold year-on-year since its Series A round. The company aims to create more than 2,000 jobs with its new manufacturing facility in Bengaluru.
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.
BengaluruManufacturing