Xometry, an on-demand manufacturing marketplace, announced that Robert Bosch Venture Capital (RBVC) will join the recently announced Series D round. RBVC joins Greenspring Associates, Dell Technologies Capital, BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital as investors in the round. This additional investment brings the total amount raised in the Series D to $55MM and $118MM overall.
“We’re thrilled to expand our partnership with a world class manufacturing brand like Bosch” said Randy Altschuler, co-founder and CEO of Xometry. “Global expansion is one of our key upcoming initiatives and we look forward to leveraging Bosch’s deep manufacturing expertise as we launch in Europe.”
“Xometry’s instant quoting engine helps drive efficiency by leveraging AI algorithms to instantly generate a price, lead time, and manufacturability feedback,” said Ingo Ramesohl, Managing Director for Robert Bosch Venture Capital.
Xometry’s industry-leading Instant Quoting Engine provides product designers the ability to simply upload a CAD file, get instant quotes and then order a wide variety of custom manufactured parts. The orders are then sourced through Xometry’s Partner Network of over 3,000 manufacturers. Xometry’s manufacturing services include CNC Machining, 3D Printing, Sheet Metal Fabrication, and Injection Molding.
Xometry also recently launched Xometry Supplies, an online marketplace offering materials, tooling, and other supplies. Xometry Supplies makes it efficient for the partners in the Xometry Partner Network to get what they need to make high quality parts. The site is growing quickly, adding 65,000 new tooling SKU’s in June.
Filed Under: TECHNOLOGIES + PRODUCTS, Materials • advanced