# Ethereal Machines Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ethereal-machines-pvt

- Industry: Industrial Machinery
- Headquarters: Bangalore, India
- Website: www.etherealmachines.com
- Total disclosed funding: $36M
- Latest round: Series B (Apr 25, 2026)
- Investors on record: 17

## About

Based in Karnataka, India, and founded in 2014 by its CEO Kaushik Mudda and CTO Navin Jain, Ethereal Machines Pvt. Ltd. operates as a deep-tech company that specializes in building machines for 5-axis CNC technology. In April 2026, Ethereal Machines Pvt. Ltd. raised USD 28.5 million in series B funding led by Avataar Venture Partners.

Ethereal Machines Pvt. Ltd. manufactures CNC machines with a focus on 5-axis technology, spanning from prototyping to mass production. The company's capabilities also include custom CNC milling services, and a wide range of machining materials such as metals, plastics, composites, and specialty materials. Ethereal Machines's 5-axis milling centers, equipped with technology, enable the production of parts for industries such as aerospace, healthcare, drones, and electronics. 

The company plans to utilize the April 2026 funding to advance its expansion efforts after experiencing operating losses, even though it has been generating revenue.

## Funding rounds

- Series B, Apr 25, 2026, $29M — Novellus Systems, Inc, Avataar Venture Partners, Peak XV Partners, Sustained Innovations, Indigo Circle Advisors, Eventures India
- Series A, Jul 14, 2023, $5.3M — Blume Ventures, Venture Catalysts, A&E Investment, Surge, 100Unicorns, T2d3 Capital, Finvolve
- Seed, Nov 2, 2021, $1.6M — Blume Ventures, Z Nation Lab, LVX, 100Unicorns, AL trust, Sheel Oil & Fats Private Limited
- Seed, Jan 14, 2019, $1M — Blume Ventures

## Investors

- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Seed, Series A
- Z Nation Lab (https://capitalatlas.ai/funds/z-nation-lab) — Seed
- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- 100Unicorns (https://capitalatlas.ai/funds/100unicorns) — Seed, Series A
- AL trust — Seed
- Sheel Oil & Fats Private Limited — Seed
- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Series A
- A&E Investment (https://capitalatlas.ai/funds/a-e-investment) — Series A
- Surge (https://capitalatlas.ai/funds/surge) — Series A
- T2d3 Capital — Series A
- Finvolve (https://capitalatlas.ai/funds/finvolve) — Series A
- Novellus Systems, Inc — Series B
- Avataar Venture Partners (https://capitalatlas.ai/funds/avataar-venture-partners) — Series B
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series B
- Sustained Innovations — Series B
- Indigo Circle Advisors — Series B
- Eventures India — Series B