Bosch Joins Xometry InvestorsJuly 19, 2019
On-demand manufacturing marketplace Xometry, the on-demand manufacturing marketplace, has announced that that Robert Bosch Venture Capital will join the company's recent Series D round. Earlier investors in the round include Greenspring Associates, Dell Technologies Capital, BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital. This investment from Bosch puts Xometry’s Series D round at $55 million. To-date, the company has raised $118 million.
"Xometry's instant quoting engine helps drive efficiency by leveraging AI algorithms to instantly generate a price, lead time, and manufacturability feedback," explains Ingo Ramesohl, managing director for Robert Bosch Venture Capital.
Randy Altschuler, co-founder and CEO of Xometry, adds, "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."
See also: Xometry