Gaithersburg-based Xometry landed a $5M investment

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

We are excited to announce @BoschGlobal as a new investor as they eye the next evolution in #manufacturing with Xometry. https://t.co/emblInefOV

— Xometry (@Xometry) July 11, 2019

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.