Robert Bosch Venture Capital (RBVC) joins the Series D Funding Round for On-Demand Manufacturing Marketplace
Above: On-demand manufacturing company, Xometry, Raises $55 Million through Series D funding round/Image Credit: Xometry
Xometry, one of the largest on-demand manufacturing marketplace, announced yesterday that they have secured a Series D funding from Robert Bosch Venture Capital (RBVC). RBVC is one of the many investors for the company in the recently concluded round.
RBVC will now join the company along with GE Ventures, BMW i Ventures, Dell Technologies Capital, Almaz Capital, Greenspring Associates, Highland Capital Partners, Foundry Group, & Maryland Venture Fund, all of whom contributed to the recent round of funding.
This additional investment brings the total amount raised in Series D to $55MM. Till date, Xometry has raised $118MM overall.
Above: Xometry’s industry-leading Instant Quoting Engine/Image Credit: Xometry
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.
After the closing of the Series D funding round, Randy Altschuler, co-founder and CEO of Xometry said, “We’re thrilled to expand our partnership with a world-class manufacturing brand like Bosch. 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.”
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Speaking about the investment in Xometry, Ingo Ramesohl, Managing Director for Robert Bosch Venture Capital said, “Xometry’s instant quoting engine helps drive efficiency by leveraging AI algorithms to instantly generate a price, lead time, and manufacturability feedback.
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.
About Xometry: Xometry is the largest marketplace for custom manufacturing, connecting customers with optimal manufacturing solutions through proprietary AI algorithms. Xometry provides on-demand manufacturing and industrial supply materials to a diverse customer base, ranging from Startups to Fortune 100 companies.
About RBVC GmbH: Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development.
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