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Bosch Joins Xometry Investors

Friday, July 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."

 

 

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