Bengaluru-based engineering hardware startup Ethereal Machines announced on 24 July that it has raised $7.3 million in a funding round that saw participation from Surge, which is a program for early-stage startups by Peak XV Partners (formerly Sequoia India and Southeast Asia), Blume Ventures, and a host of angel investors.
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As a deep-tech parts manufacturer in the aerospace industry, we have dedicated ourselves to the crucial process of precision machining for aerospace components.
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Bengaluru-based engineering hardware startup Ethereal Machines announced on 24 July that it has raised $7.3 million in a funding round that saw participation from Surge, which is a program for early-stage startups by Peak XV Partners (formerly Sequoia India and Southeast Asia), Blume Ventures, and a host of angel investors.
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Team Ethereal is very grateful to have been selected as one of the winner for KGAP+ BATCH 3 AWARD. We would like to thank all the Mentor who helped us throughout the program without whom our inroads into Japan would be difficult. We look forward to build a successful business in Japan.
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The firm specialises in manufacturing of 5 axis CNC milling machines and 3D printers. Ethereal Machines combines subtractive manufacturing and additive manufacturing which reduces high costs and risks. As a result, this technology enables the user to machine complex shapes efficiently in a single set up.
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The top patent filers for 3D printing in India are the multinational companies from the United States, followed by European companies, and few domestic applications. “The top foreign filers include Hewlett-Packard, General Electric, XYZprinting, 3D Systems, CC3D LLC, and Renishaw,” A S says. “While most of the local filings are from institutes such as the Indian Institute of Technology, some are from start-up companies such as Tvasta Manufacturing solutions, Ethereal Machines, etc.”
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The Covid-19 pandemic and the need for ventilators has brought to the fore not just India’s manufacturing prowess, but also its innovation and collaboration capabilities, says an Invest India report.
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With Amaya, a simple ventilator splitter, Ethereal Machines is preparing India to fight the Covid-19 pandemic. Previously, Ethereal Machines has addressed challenges for clients in the medical field, dealing with creating implants, prosthetics and similar medical devices. However, as Covid-19 reached India, the team began speaking to senior doctors to understand key areas of concerns. The overwhelming response they received highlighted the shortage of ventilators.
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The 49 Indian Startups working on COVID-19 get ACT Grants were dabbling with ideas in care-giving, prevention, testing, data collection, mental wellness, and vaccine research have received funding from ACT Grants. Startups such as Mylab, Ethereal Machines, Infinite Analytics, 1MG, Sattva, HFNC devices, Housejoy, Portea, and Goodera have received backing from ACT Grants. A grant was also provided to Bharat Health Stack’s Swasth app, which is focussing on taking telemedicine to a national stage.
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