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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $13.0M
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First Round
First Round
(14 Jan 2019)
- Investors Count 48
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Ethereal Machines | Valuation | Peak XV Partners , Steadview | |
| Jul, 2023 | Amount | Seed - Ethereal Machines | Valuation | Stride Ventures | |
| Jun, 2022 | Amount | Seed - Ethereal Machines | Valuation | Blume Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Investment in Indian capital markets and initiatives in asset management and renewable energy.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ethereal Machines
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ethereal Machines
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ethereal Machines Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for on-demand distributed manufacturing and prototyping is provided.
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| domain | founded_year | HQ Location |
Tech-enabled on-demand 3D printing and manufacturing services are provided.
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| domain | founded_year | HQ Location |
Provider of industrial metal additive manufacturing system
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| domain | founded_year | HQ Location |
On-demand 3D printing and manufacturing solutions are provided online.
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| domain | founded_year | HQ Location |
Cloud-based on-demand manufacturing solutions are developed for additive services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ethereal Machines
Frequently Asked Questions about Ethereal Machines
When was Ethereal Machines founded?
Ethereal Machines was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Ethereal Machines located?
Ethereal Machines is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Ethereal Machines?
Kaushik Mudda is the current CEO of Ethereal Machines. They have also founded this company.
Is Ethereal Machines a funded company?
Ethereal Machines is a funded company, having raised a total of $23.53M across 6 funding rounds to date. The company's 1st funding round was a Seed of $802.44K, raised on Jan 14, 2019.
How many employees does Ethereal Machines have?
As of Sep 11, 2024, the latest employee count at Ethereal Machines is 52.
What is the annual revenue of Ethereal Machines?
Annual revenue of Ethereal Machines is $320.97K as on Mar 31, 2023.
What does Ethereal Machines do?
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.
Who are the top competitors of Ethereal Machines?
Ethereal Machines's top competitors include Xometry, VulcanForms and TriMech.
What products or services does Ethereal Machines offer?
Ethereal Machines offers 5-Axis Machining, 3-Axis Machining, Custom Machining, Rapid Prototyping, and On-Demand CNC Machining.
Who are Ethereal Machines's investors?
Ethereal Machines has 48 investors. Key investors include Angel List, Wellfound, Venture Catalysts, LetsVenture, and Peak XV Partners.
What is Ethereal Machines's valuation?
The valuation of Ethereal Machines is $66.3M as of Jun 2024.
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