About Ethereal Machines
Ethereal Machines is a company based in Bengaluru (India) founded in 2014 by Navin Jain and Kaushik Mudda. Ethereal Machines has raised $23.53 million across 6 funding rounds from investors including Angel List, Wellfound and Venture Catalysts. The company has 52 employees as of September 11, 2024. Ethereal Machines offers products and services including 5-Axis Machining, 3-Axis Machining, Custom Machining, Rapid Prototyping, and On-Demand CNC Machining. Ethereal Machines operates in a competitive market with competitors including Xometry, Hubs, VulcanForms, TriMech and Immensa, among others.
- Headquarter Bengaluru, India
- Employees 52 as on 11 Sep, 2024
- Founders Navin Jain, Kaushik Mudda
- Stage Minicorn
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Ethereal Machines Private Limited
- Date of Incorporation 11 Nov, 2016
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$320.97 K (USD)297.6as on Mar 31, 2023
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Net Profit
-$564.58 K (USD)-80.44as on Mar 31, 2023
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EBITDA
-$495.52 K (USD)22.53as on Mar 31, 2023
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Total Equity Funding
$23.53 M (USD)
in 6 rounds
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Latest Funding Round
$13 M (USD), Series A
Jun 13, 2024
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Investors
Angel List
& 47 more
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Employee Count
52
as on Sep 11, 2024
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Products & Services of Ethereal Machines
Ethereal Machines offers a comprehensive portfolio of products and services, including 5-Axis Machining, 3-Axis Machining, Custom Machining, Rapid Prototyping, and On-Demand CNC Machining.
Advanced machining for complex, high-precision components
Precision machining for standard and custom parts
Tailored milling for specific component requirements
Fast-track design to prototype for quick development
Flexible services for immediate manufacturing needs
People of Ethereal Machines
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Funding Insights of Ethereal Machines
Ethereal Machines has successfully raised a total of $23.53M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $13 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ethereal Machines
Ethereal Machines has secured backing from 48 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Venture Catalysts.
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Seed and early-stage investments are made across sectors in India.
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Investment in Indian capital markets and initiatives in asset management and renewable energy.
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Investor details for Ethereal Machines
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Investments & Acquisitions by Ethereal Machines
Investment portfolio details for Ethereal Machines
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Financial Statements - Ethereal Machines
Detailed financials for Ethereal Machines
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Ethereal Machines Comparisons
Peer comparison for Ethereal Machines
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Competitors of Ethereal Machines
Ethereal Machines operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Xometry, Hubs, VulcanForms, TriMech and Immensa, among others.
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Platform for on-demand distributed manufacturing and prototyping is provided.
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Tech-enabled on-demand 3D printing and manufacturing services are provided.
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Provider of industrial metal additive manufacturing system
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On-demand 3D printing and manufacturing solutions are provided online.
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Cloud-based on-demand manufacturing solutions are developed for additive services.
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Detailed competitors of Ethereal Machines
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Latest news on Ethereal Machines
Complete news archive for Ethereal Machines
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Frequently Asked Questions about Ethereal Machines
Ethereal Machines was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Ethereal Machines is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Kaushik Mudda is the current CEO of Ethereal Machines. They have also founded this company.
Ethereal Machines is a funded company, having raised a total of $23.53M across 6 funding rounds to date.
As of Sep 11, 2024, the latest employee count at Ethereal Machines is 52.
Annual revenue of Ethereal Machines is $320.97K as on Mar 31, 2023.
Ethereal Machines was founded in 2014 in Bengaluru, India, as a provider of on-demand manufacturing services in the industrial sector. Operations focus on custom CNC milling, three- and five-axis machining for industries such as aerospace, healthcare, and electronics. Services encompass prototyping, material selection, parts generation, design assistance, production, quality control, sub-assembly, and CAD file uploads for quotes. Material guidance and design optimization are also provided.
Ethereal Machines's top competitors include Xometry, VulcanForms and TriMech.
Ethereal Machines offers 5-Axis Machining, 3-Axis Machining, Custom Machining, Rapid Prototyping, and On-Demand CNC Machining.
Ethereal Machines has 48 investors. Key investors include Angel List, Wellfound, Venture Catalysts, LetsVenture, and Peak XV Partners.
The valuation of Ethereal Machines is $66.3M as of Jun 2024.