#ethereal machines Tech News.
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Avataar Ventures led a Series B funding round in Ethereal Machines. The investment backs the company's manufacturing technology. The round includes participation from other investors. The funding will support growth and product development.
Ethereal Machines raised $28.5 million in Series B funding led by Avataar Ventures. The deeptech startup will build a 3 lakh sq ft mega-factory near Bengaluru, develop India's first indigenous multi-axis CNC controller, and expand in the US and Europe. Total funding now stands at nearly $50 million.
Peak XV participated in a $28.5 million funding round for Ethereal Machines. The investment supports the company's manufacturing technology development. Ethereal Machines builds advanced computer numerical control (CNC) machines and additive manufacturing systems.
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