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Ethereal Machines, a manufacturing startup, has raised $13 million in a Series A funding round led by Peak XV Partners and Steadview Capital. The funding will be used for research and development initiatives and the construction of a second 'Smart Factory' on the outskirts of Bengaluru, near the upcoming Foxconn facility. The round also saw participation from Blume Ventures, Enam Investments, and Sandeep Singhal. Ethereal Machines aims to advance India's manufacturing capabilities, particularly in high precision components for electronics, space, and aviation sectors. By Bhavya Kumar and Ajay Rag.
.@AirMDR_Company, an AI-driven #Cybersecurity pioneer, raised $5M in funding w/ participation from @FoundationCap, a StepStone platform manager. Its innovative technology promises to revolutionize the industry by enhancing threat detection & prevention: https://t.co/P9iwJLi0Yy
Boulder, Colorado-based Enveda, which combines AI with ancient remedies for drug discovery, raised a $55M Series B extension from investors including Microsoft (@mtemkin / TechCrunch) https://t.co/76iQ7R3a4V 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/6hWCeDKy00
Enveda raises $55M to combine ancient remedies with AI for drug discovery: https://t.co/jI4CAwK3R0 by TechCrunch #infosec #cybersecurity #technology #news
