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Deeptech startup Ethereal Machines raises $28.5 million from Avataar Ventures, Peak XV, others - The Economic Times

Deeptech startup Ethereal Machines secured $28.5 million in funding. This capital will fuel the construction of a large manufacturing facility near Bengaluru. The company will also develop India's first indigenous CNC controller. Expansion of its AI-driven software platform is also planned. New teams will be established in the US and Europe.

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economictimes.indiatimes.comStai leggendo1 mese fa

Deeptech startup Ethereal Machines raises $28.5 million from Avataar Ventures, Peak XV, others - The Economic…

Ethereal Machines secures $28.5M for multi-axis CNC with sub-10-micron accuracy at 1/6th global cost, MaaS revenue tripled YoY. India enters the $220B precision manufacturing market via China+1 reshoring, breaking German-Japanese supplier duopoly.

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yourstory.com1 mese fa

Deeptech startup Ethereal Machines raises $28.5M led by Avataar Ventures

Ethereal Machines will use this funding in multiple areas such as expanding manufacturing capacity, software & technology development and global expansion.

Timeline cronologica

giovedì 11 giugno 2026·economictimes.indiatimes.com
Deeptech startup Ethereal Machines raises $28.5 million from Avataar Ventures, Peak XV, others - The Economic Times
Deeptech startup Ethereal Machines secured $28.5 million in funding. This capital will fuel the construction of a large manufacturing facility near Bengaluru. The company will…
giovedì 11 giugno 2026·yourstory.com
Deeptech startup Ethereal Machines raises $28.5M led by Avataar Ventures
Ethereal Machines will use this funding in multiple areas such as expanding manufacturing capacity, software & technology development and global expansion.