In today’s briefing:
- Indian Deeptech Startup Ethereal Machines Raises $7.3m
Indian Deeptech Startup Ethereal Machines Raises $7.3m
- Investors such as Peak XV’s Surge, Blume Ventures, and Mathew Cyriac, former head of Blackstone India, have backed the US$7.3 million round of India-based Ethereal Machines.
- Based in Bangalore, Ethereal Machines uses proprietary Computer Numerical Control machines, such as drills and mills, to produce precision engineering components for aerospace, automobile, and healthcare use.
- The company said that its offerings reduce costs by 30% and production lead times by 40%.
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