Founded by Kaushik Mudda and Navin Jain and described as a decade-old company, Ethereal Machines builds proprietary multi-axis CNC machines that produce precision engineering components at faster and more cost-effective rates. The Bengaluru-based startup sells its machines and components to precision engineering customers and has been expanding financing—most recently via its Series B. Financially, the company reported operating revenue of Rs 11.45 crore and a loss of Rs 27.27 crore for the fiscal year ended March 2025. Its Series B values the business at about Rs 1,470 crore and involved both new and existing investors, increasing institutional ownership stakes. The company previously raised a $13 million Series A and has been active in pursuing further growth capital.

Total raised

$49M

Funding rounds

4

Latest round

Series B

Latest activity

Apr 2026