Bosch Venture Capital invests in 3D printing marketplace Xometry
On-demand 3D printing marketplace Xometry has announced that Bosch’s investment arm has joined its latest funding round.
Robert Bosch Venture Capital joins Greenspring Associates, Dell Technologies Capital, BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital in the Series D round, raising $55mn. Across its funding rounds, $118mn has been raised.
"We're thrilled to expand our partnership with a world class manufacturing brand like Bosch," said Randy Altschuler, co-founder and CEO of Xometry. "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."
Xometry uses its Instant Quoting Engine technology to provide instant quotes to product designers, who can upload CAD files and order their print sourced from Xometry’s network of more than 3,000 manufacturers.
"Xometry's instant quoting engine helps drive efficiency by leveraging AI algorithms to instantly generate a price, lead time, and manufacturability feedback," said Ingo Ramesohl, Managing Director for Robert Bosch Venture Capital.