Ethereal Machines raises $28.5 million in Series B round led by Avataar Ventures. The funding will enhance manufacturing infrastructure and support international expansion.
Amount Raised
$28.5 Million
Round Type
Series B
BengaluruManufacturingInvestors
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.
Quick answer
Ethereal Machines raised $28.5 Million in a Series B round, dated June 11, 2026. Investors: Peak XV Partners and Avataar Ventures. Ethereal Machines is based in Bengaluru, Karnataka, India.
- How much did Ethereal Machines raise?
- Ethereal Machines raised $28.5 Million in a Series B round on June 11, 2026.
- Who invested in Ethereal Machines?
- Peak XV Partners and Avataar Ventures are named as investors in this round.
- What does Ethereal Machines do?
- Ethereal Machines manufactures precision engineering parts faster and/or cheaper.
- Where is Ethereal Machines based and how big is it?
- Ethereal Machines is based in Bengaluru, Karnataka, India. Fundz records about 120 employees.
- Who are the decision-makers at Ethereal Machines?
- Fundz holds 1 contact at Ethereal Machines, including the Head of Business Operations. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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.
- Lucid Group raised $550M (Series C) on May 1, 2026.
- Raghu Vamsi Aerospace raised $40M on July 25, 2026.
- ARC Medical raised $167K (Seed) on July 24, 2026.
- China Pharma Holdings raised $5M (Post-IPO Equity) on July 23, 2026.
- GracoRoberts raised an undisclosed amount (Private Equity) on July 23, 2026.
- Voxshell raised $1.1M (Seed) on July 23, 2026.
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