Ethereal Machines, a leader in advanced manufacturing based in Bengaluru, has secured $13 million in Series A funding, led by Peak XV Partners and Steadview Capital. This investment will significantly boost their manufacturing capabilities and R&D. The funds will be used to develop cutting-edge CNC technologies and build a state-of-the-art Smart Factory in Bengaluru. This new facility will enhance production capacity and efficiency. With this expansion, Ethereal Machines aims to broaden its market reach, particularly in the U.S. and Europe, and leverage initiatives like ‘Make in India’ to support the global demand for precision components. The Smart Factory is expected to reduce production times and costs, providing a competitive edge in the precision manufacturing sector.