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The Economic Times
The Economic Times
Technology
Vaibhavi Khanwalkar and Nikhil Patwardhan

Deeptech startup Ethereal Machines raises $28.5 million from Avataar Ventures, Peak XV, others

ET India United States Bengaluru Europe

Precision manufacturing startup Ethereal Machines has raised $28.5 million in a round led by Avataar Ventures, with participation from Peak XV Partners and others.

The Bengaluru-based deeptech startup was founded in 2014 by Kaushik Mudda and Navin Jain. It designs and builds proprietary multi-axis CNC machines (automated tools that cut and carve) and operates a Machining-as-a-Service (MaaS) business supplying high-precision components to aerospace, defence, healthcare, and semiconductor clients.

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