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Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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Ethereal Machines / Private Capital Markets

<ul><li>Investors such as Peak XV’s Surge, Blume Ventures, and <a href="https://www.linkedin.com/in/mathew-cyriac-6a14804/?originalSubdomain=in" target="_blank" rel="noopener">Mathew Cyriac</a>, former head of Blackstone India, have backed the US$7.3 million round of India-based <a href="https://etherealmachines.com/" target="_blank" rel="noopener">Ethereal Machines</a>.</li><li>Based in Bangalore, Ethereal Machines uses proprietary <a href="https://www.techtarget.com/searcherp/definition/computer-numerical-control-CNC#:~:text=Essex%2C%20Industry%20Editor-,What%20is%20computer%20numerical%20control%20(CNC)%3F,is%20embedded%20inside%20the%20tools." target="_blank" rel="noopener">Computer Numerical Control</a> machines, such as drills and mills, to produce precision engineering components for aerospace, automobile, and healthcare use.</li><li>The company said that its offerings reduce costs by 30% and production lead times by 40%.</li></ul>

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%.

Indian Deeptech Startup Ethereal Machines Raises $7.3m