Gaithersburg-based Xometry landed a $5M investment - Technical.ly DC

Business

Jul. 12, 2019 11:29 am

Gaithersburg-based Xometry landed a $5M investment

This investment from Robert Bosch Venture Capital closes the on-demand manufacturing marketplace's forth round of funding with $55 million.
Xometry provides 3D printing.

Xometry provides 3D printing.

(Photo by Wikimedia Commons user Subhashish Panigrahi, used under a Creative Commons license)

On-demand manufacturing marketplace Xometry announced that it has landed a $5 million investment from Germany-based Robert Bosch Venture Capital.

Robert Bosch Venture Capital joins Owings Mills, Md.-based Greenspring Associates, Dell Technologies Capital, BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital in this Series D round of funding that Xometry first announced in May. This new raise concludes the Gaithersburg, Md.-based company’s Series D round of funding with $55 million raised.

Xometry created a platform for companies seeking to source custom parts and works with a network of machine shops and facilities that complete the manufacturing, Technical.ly DC previously reported. Its algorithm sends jobs to a list of vetted facilities that match the capabilities needed, and the platform provides price quotes as well as estimates on lead time.

Xometry plans to use its latest round of funding for further product development and international growth.

“We’re thrilled to expand our partnership with a world class manufacturing brand like Bosch,” Randy Altschuler, coofounder and CEO of Xometry, said in a statement.  “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.”

Advertisement

This latest round of funding brings Xometry’s total raise to $118 million, according to Crunchbase.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Apple picked this Arlington-born, veteran-founded platform as its App of the Day

AWS will host Virginia Startup Demo Day on Nov. 14

DC Startup Week is launching a monthly event series on Nov. 15

SPONSORED

DC

Verizon is looking for the brightest ideas on how to use its 5G technology

Washington, DC

Quorum

Account Executive

Apply Now

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

DC, SF, NYC

Nava

Experienced Software Engineer – Backend

Apply Now

How to bootstrap a fintech startup in an industry lacking structured corporate innovation

Revolution closes second Rise of the Rest Seed Fund with $150M to invest in early-stage companies

Stardog just announced a $9M Series B raise and plans to hire

SPONSORED

DC

Escape the August heat with cool AI tech

Philadelphia OR Baltimore

Technically Media

Technical.ly Editorial Intern (Spring 2020)

Apply Now

Washington, DC

Nava

Infrastructure Engineer (DC, SF, NYC)

Apply Now

DC, SF, NY

Nava

VP of Engineering

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!