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Ethereal Machines

Advanced Manufacturing (Deeptech)Bengaluru, Karnataka, India

Ethereal Machines is an Indian precision manufacturing company building five-axis CNC machines. Its Halo machine was developed for complex multi-axis machining, and the company supplies aerospace, defence, medical device and automotive manufacturers.

2StartupFox stories
2014Founded
Advanced Manufacturing(Deeptech)Sector
Jun 2026Latest coverage

Funding

Ethereal Machines has raised $29M across 1 disclosed round, most recently a Series B in Jun 2026.

$29MRaised
Series BLatest round · Jun 2026
$158MValuation
1Event
Chart appears once 2 more funding rounds are recorded — below that a chart shows less than the table does.
~$158M (est., ~4x its 2024 Series A)
Jun 2026Series B$29MAvataar Ventures (lead), Peak XV Partners, Novellus Systems ~$158M (est., ~4x its 2024 Series A)StartupFox ↗

Investor roster

Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.

New · Latest leadAvataar Ventures (lead)1 round · 2026
Novellus Systems1 round · 2026
Peak XV Partners1 round · 2026
Aggregated automatically from the disclosed rounds above.

Leadership

KMKaushik MuddaCo-founder · CEONJNavin JainCo-founder

The Ethereal Machines journey

2014 · founded
Founded in Bengaluru by Kaushik Mudda, Navin Jain.
May 2026 · milestone
Partners with Deepinder Goyal's Temple, alongside Zetwerk, for its manufacturing scale-up. ↗
Jun 2026 · funding
Series B — $29M, led by Avataar Ventures (lead).
Jun 2026 · milestone
Plans a 300,000 sq ft mega-factory near Bengaluru and India's first homegrown multi-axis CNC controller; ~70% of revenue already international. ↗

The rest of Ethereal Machines's profile is free

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Latest on Ethereal Machines

Funding
Ethereal Machines Raises $28.5M in Series B Led by Avataar Ventures to Build Mega-Factory
11 JUN 2026 · 3 MIN READ
SaaS & Tech
Deepinder Goyal’s Temple Partners With Zetwerk and Ethereal Machines for Manufacturing Scale-Up
21 MAY 2026 · 2 MIN READ

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Frequently Asked

What is Ethereal Machines?

Ethereal Machines is an Indian precision manufacturing company building five-axis CNC machines. Its Halo machine was developed for complex multi-axis machining, and the company supplies aerospace, defence, medical device and automotive manufacturers.

Who founded Ethereal Machines?

Ethereal Machines is associated with Kaushik Mudda, Navin Jain.

How much funding has Ethereal Machines raised?

Ethereal Machines has raised $29M across 1 disclosed round. The most recent was a $29M Series B in Jun 2026.

Who are Ethereal Machines's investors?

Disclosed investors in Ethereal Machines include Avataar Ventures (lead), Peak XV Partners, Novellus Systems.

What is Ethereal Machines's valuation?

Ethereal Machines was last reported at ~$158M (est., ~4x its 2024 Series A), at the time of its Series B in Jun 2026.

What is the latest news on Ethereal Machines?

The most recent StartupFox coverage is “Ethereal Machines Raises $28.5M in Series B Led by Avataar Ventures to Build Mega-Factory” (11 June 2026). All stories are listed on this page.