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§ Private Profile · No. 15, Tumkur Rd, Industrial Suburb 2nd Stage Yeswanthpur Bengaluru, Karnataka 560022, IN
Manufactures 5-axis CNC machines and hybrid systems for precision manufacturing in small and medium enterprises.
Ethereal Machines is a Bangalore, India-based deep-tech hardware manufacturer that produces 5-axis CNC machines and hybrid systems combining both additive and subtractive manufacturing techniques. The enterprise supplies precision manufacturing equipment to various business-to-business customers, enabling small and medium enterprises to execute complex part creation and rapid prototyping. These industrial systems are utilized for automated production workflows across multiple global heavy industries, including the aerospace, defense, transportation, and consumer goods sectors. Operating from a 55,000-square-foot facility with plans to expand into a 300,000-square-foot mega-factory, the company currently manages 30 operational machines and employs a workforce of 112 people. The organization has secured over $21.36 million in total capital, backed by prominent institutional investors including Blume Ventures, Steadview Capital, and Peak XV Partners. Ethereal Machines was established in 2014 by co-founders Kaushik Mudda and Navin Jain.
Ethereal Machines has raised $21.0M across 3 funding rounds.
Ethereal Machines has raised $21.0M in total across 3 funding rounds.
Ethereal Machines has raised $21.0M across 3 funding rounds. Most recently, it raised $13.0M Series A in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 14, 2024 | $13M Series A | Peak XV Partners (Sequoia Capital India), Steadview Capital | — | Announced |
| Jul 1, 2023 | $7M Series A | — | Expon Capital, Teclub, Viola Ventures, Walden International, Wendell Brooks | Announced |
| May 14, 2019 | $1M Seed Plus | Blume Ventures | — | Announced |
Ethereal Machines has raised $21.0M in total across 3 funding rounds.
Ethereal Machines's investors include Peak XV Partners (Sequoia Capital India), Steadview Capital, Expon Capital, TeClub, Viola Ventures, Walden International, Wendell Brooks, Blume Ventures.
Ethereal Machines is a Bengaluru-based deep-tech startup founded in 2014, specializing in advanced 5-axis and 3-axis CNC machining services, rapid prototyping, and custom part manufacturing for industries like aerospace, healthcare, electronics, and drones.[1][2][3] It solves manufacturing gaps by offering on-demand, high-precision solutions—from uploading CAD files for instant quotes to delivering complex components with superior accuracy, material versatility (e.g., aluminum, titanium, plastics), and scalability from prototypes to mass production.[3][4] The company builds innovative hardware like the Ethereal Halo, the world's first 5-axis desktop CNC machine and 3D printer, which won the CES 2018 Best of Innovation award, and provides "machining-as-a-service" to democratize efficient, sustainable manufacturing.[2][5] Recent momentum includes a $7.3 million funding round to fuel R&D, global expansion, and tech disruption.[2]
Ethereal Machines emerged from founders' recognition of inefficiencies in precision manufacturing, particularly for complex parts in high-tech sectors, turning a problem into an opportunity for "machining-as-a-service" pioneered from India.[1][5] Established in 2014 in Bengaluru, the deep-tech firm quickly innovated with the Ethereal Halo—a groundbreaking 5-axis desktop CNC machine integrated with 3D printing—earning global acclaim at CES 2018.[2] Early traction built on addressing gaps in India's manufacturing ecosystem, leveraging advanced CNC tech for sectors like aerospace and healthcare, with pivotal funding of $7.3 million validating their vision and accelerating growth.[2][3]
Ethereal Machines rides the deep-tech manufacturing revolution, capitalizing on CNC's shift from manual to automated, AI-enhanced precision for complex components in booming sectors like aerospace, drones, healthcare, and electronics.[1][2][4] Timing aligns with global supply chain reshoring, India's manufacturing push (e.g., Make in India), and demand for on-demand services amid labor shortages and customization needs post-2020 disruptions.[3][5][6] Market forces favor it: CNC market growth via 5-axis tech for efficiency; sustainability via reduced waste; and democratization lowering barriers for startups/SMEs.[2][4] It influences the ecosystem by leading India's deep-tech charge, exporting "machining-as-a-service," fostering local innovation, and setting benchmarks for hybrid CNC-3D printing.[2][5]
Ethereal Machines is poised to scale globally with its $7.3M funding, expanding R&D into AI-driven automation, hybrid machines, and broader material science for next-gen industries like EVs and medtech.[2][4][6] Trends like Industry 4.0, sustainable manufacturing, and Asia's supply chain dominance will propel it, potentially capturing more of the $100B+ CNC market through platform innovations.[1] Its influence may evolve from India pioneer to worldwide leader, empowering engineers with accessible deep-tech tools and redefining prototyping speed—echoing its origin as a problem-solving disruptor now fueling the manufacturing renaissance.[2][5]