About Ethereal Machines
Ethereal Machines is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2014 by Navin Jain and Kaushik Mudda. On-demand manufacturing services for industrial machines are offered. Ethereal Machines has raised $52.48 million across 9 funding rounds from investors including Angel List, Wellfound and Venture Catalysts. The company has 52 employees. Ethereal Machines was last valued at $66.3 million in June 2024. Its chief executive, as recorded, is Kaushik Mudda. Its Indian entity Ethereal Machines Private Limited reported revenue of ₹22.42 Cr. Ethereal Machines offers products and services including 5-Axis Machining, 3-Axis Machining, Custom Machining, Rapid Prototyping, and On-Demand CNC Machining. Its focus areas include Enterprise Applications, Manufacturing Tech, Product Design & Development and Computer-Aided Engineering.
Company details
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.
- Headquarters Bengaluru, India
- Employees 52
- Founders Navin Jain, Kaushik Mudda
- Stage Minicorn
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website etherealmachines.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Ethereal Machines Private Limited
- Date of Incorporation 11 Nov, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹22.42 Cr
FY 2025 · +250% YoY
- Net Loss-₹27.27 Cr
FY 2025 · -122% margin
- EBITDA-₹11.50 Cr
FY 2025 · -51% margin
- Total Equity Funding$52.48M (USD)
in 9 rounds
- Latest Funding Round$28.5M (USD), Series B
Apr 2026
- InvestorsAngel List
& 52 more
- Employee Count52
Associated legal entities of Ethereal Machines
Ethereal Machines operates through Ethereal Machines Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ethereal Machines Private Limited CIN U29299KA2016PTC097757 | Active | 11 Nov 2016 | Bangalore, Karnataka | ₹22.4 Cr | 52 | 3 | View details |
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
Apps and channels of Ethereal Machines
its YouTube channel Ethereal Machines has 1.68K subscribers and 30 videos.
Videos from Ethereal Machines
The most watched videos on Ethereal Machines's YouTube channel, Ethereal Machines (1.68K subscribers). Click a video to play it here.
More on Ethereal Machines.
Funding Insights of Ethereal Machines
Ethereal Machines has successfully raised a total of $52.48M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $28.5 million completed in April 2026. 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 $52.48M
- Total Rounds 9
- Last Round Series B — $28.5M
- First Round $1M
(Jan 2019)
- Investors Count 53
All 9 funding rounds of Ethereal Machines with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2026 | $28.5M | Series B | – | Avataar Ventures | |
| Jun 2024 | $13M | Series A | $66.3M | Peak XV Partners, Steadview | |
| Jul 2023 | $7.3M | Seed | $23.79M | Stride Ventures | |
| Dec 2022 | $451,240 | Series A | – | – | |
| Jun 2022 | $802,442 | Seed | $••••• | Blume Ventures | |
| Jun 2022 | Grant | – | – | ||
| Jan 2022 | Seed | – | – | – | |
| Jul 2021 | $1.43M | Seed | $••••• | Blume Ventures, Lotus Investment | |
| Jan 2019 | $1M | Seed | $••••• | Blume Ventures, Jitendra Gupta |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $66.3M | •••••••• |
| Jul 2023 | $23.79M | •••••••• |
| Jun 2022 | $••••• | •••••••• |
| Jul 2021 | $••••• | •••••••• |
| Jan 2019 | $••••• | •••••••• |
Full valuation and stage history of Ethereal Machines
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Last known valuation $66.3M (Jun 2024). 53 investors in total: 31 institutional and 22 angel.
Investors in Ethereal Machines
Ethereal Machines has secured backing from 53 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Venture Catalysts.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Investment in Indian capital markets and initiatives in asset management and renewable energy. | 1984 | enam.com | Mumbai, India | |
A startup accelerator offering funding and support to early-stage companies. | 2020 | 100unicorns.in | Mumbai, India | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Potato farming, grain marketing, and equipment services in Maine. | 2020 | t2d3.capital | Bengaluru, India | |
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Venture capital funding, wealth management, and startup investment services in India. | 2022 | finvolve.co | Gurugram, India | |
Venture capital firm investing in multiple sectors | aeinvestments.com | San Francisco, United States | ||
Private equity fund, investment holding & business conglomerate company | sab-holding.com | Jeddah, Saudi Arabia |
Investor details for Ethereal Machines
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Board of directors of Ethereal Machines Private Limited (Ethereal Machines)
Ethereal Machines Private Limited is the primary company behind Ethereal Machines. The board of Ethereal Machines Private Limited currently have 2 directors; the longest-serving is Kaushik Mudda, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kaushik Mudda DIN 07616838 | Director | 11 Nov 2016 | 10 yrs | Ethereal Machines Private Limited |
| Navin Jain DIN 07616859 | Director | 11 Nov 2016 | 10 yrs | Ethereal Machines Private Limited |
People of Ethereal Machines
12 people are tracked at Ethereal Machines (9 in leadership, 3 in team); the tracked headcount is 52.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Jonathan Wilson | Chief Experience Officer | Leadership |
Rajeev Sreedharan | Vice President – Engineering Operations | Leadership |
Srinath NA | Head of Mechanical Engineering | Leadership |
Nataraj M R | General Manager Human Resources | Leadership |
Puneet Baligeri | Head of Application | Leadership |
Jagadeesh H B | Associate Vice President | Leadership |
Sumeet Patil | Head Of Operations | Leadership |
Bhaskar H | Operations Lead | Team |
Vikas Gupta | Design Engineer | Team |
jan135791 jan | B | Team |
Complete people profiles for Ethereal Machines
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Financials of Ethereal Machines
Figures of Ethereal Machines Private Limited, the primary company behind Ethereal Machines, for FY 2025. Revenue was ₹22.42 Cr (+250% year on year). Net loss was -₹27.27 Cr (-122% margin). EBITDA was -₹11.50 Cr (-51% margin). Revenue has grown at a compounded annual rate of +222% over three years and +120% over five years.
- ₹22.42 CrRevenue · FY 2025 · +250% YoY
- -₹27.27 CrNet loss · -122% margin
- -₹11.50 CrEBITDA · -51% margin
- ₹73.9 LakhPaid-up capital
- 52Employees (provident fund records)
- +222%Revenue CAGR, 3 years
- +120%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ethereal Machines Private Limited are on its company page.
Detailed financial statements for Ethereal Machines
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Ethereal Machines
4 dated milestones of Ethereal Machines across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Ethereal Machines is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $28.5M.
Web traffic of Ethereal Machines
The website of Ethereal Machines (etherealmachines.com) receives about 9.5K visits a month.
- Monthly visits9.5K
▲ 62% vs previous month
Websites whose visitors overlap most with Ethereal Machines. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vexmatech.com | 100% | 5.3K | #3,312,038 | View details | |
| karkhana.io | 93% | 19.4K | #1,092,400 | View details | |
makenica.com | makenica.com | 91% | #1,424,691 | – | |
| machinemetrics.com | 53% | 64.3K | #411,309 | View details | |
| google.com | 52% | 85.8B | #1 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Ethereal Machines
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Related news about 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 CEO of Ethereal Machines, as recorded in our data. They have also founded this company.
Ethereal Machines is a funded company, having raised a total of $52.48M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jan 2019.
Ethereal Machines has 52 employees.
The primary company behind Ethereal Machines, Ethereal Machines Private Limited, reported revenue of ₹22.42 Cr for FY 2025, up 250% year on year.
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 offers 5-Axis Machining, 3-Axis Machining, Custom Machining, Rapid Prototyping, and On-Demand CNC Machining.
Ethereal Machines has 53 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.
Ethereal Machines operates through Ethereal Machines Private Limited.
The legal entities of Ethereal Machines currently have 2 directors, including Kaushik Mudda, Navin Jain.