Novellus Systems
Novellus Systems took part in 2 disclosed rounds in Indian startups in 2026 (0 as lead), most often Series B rounds in Professional & Local Services; its latest was Ethereal Machines on 11 June 2026.
About Novellus Systems
Novellus Systems has backed Indian startups that StopDown covered, listed below.
Deals in 2026
| Date | Company | Round | Amount | Role | Co-investors | Story |
|---|---|---|---|---|---|---|
| 11 June 2026 | EMEthereal Machines | Series B | $28.5M | Participant | Avataar Ventures, Peak XV Partners, Steadview Capital | Story |
| 25 April 2026 | EMEthereal Machines | Series B | ₹264.5 Cr | Participant | Avataar Ventures, Peak XV Partners, Sustained Innovations LLP, Eventures India Pvt Ltd, Shailesh Lakhani, Indigo Circle Advisors | Story |
Stage and sector mix
Disclosed rounds Novellus Systems took part in, by stage and by sector.
| Stage | 2026 | 2025 |
|---|---|---|
| Series B | 2 | 0 |
| Sector | 2026 | 2025 |
|---|---|---|
| Professional & Local Services | 2 | 0 |
Frequent co-investors
| Investor | Rounds together |
|---|---|
| Avataar Ventures | 2 |
| Peak XV Partners | 2 |
| Eventures India Pvt Ltd | 1 |
| Indigo Circle Advisors | 1 |
| Shailesh Lakhani | 1 |
| Steadview Capital | 1 |
| Sustained Innovations LLP | 1 |
Indian portfolio
India-based companies only. Linked names have a StopDown page; the rest link up on their own as soon as we cover them.
Novellus Systems in the news
- EMEthereal Machines · Funding · 11 June 2026 · $28.5MEthereal Machines raises $28.5M Series BEthereal Machines designs and builds multi-axis CNC machines and offers Machining-as-a-Service
- EMEthereal Machines · Funding · 25 April 2026 · ₹264.5 CrEthereal Machines raises $28.5M in Series B led by Avataar Venture PartnersEthereal Machines produces precision engineering components using its proprietary multi-axis CNC machines
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Questions about Novellus Systems
How many investments did Novellus Systems make in India in 2026?
StopDown has recorded 2 disclosed rounds in Indian startups with Novellus Systems in 2026 so far, 0 of them as lead. The latest was Ethereal Machines on 11 June 2026 ($28.5M).
Which sectors does Novellus Systems invest in?
In the 2025 and 2026 rounds StopDown recorded, Novellus Systems invested most often in Professional & Local Services (2 rounds).
Does Novellus Systems lead rounds?
In the 2 rounds StopDown recorded in 2025 and 2026, Novellus Systems joined as a participant; none named it as the lead.