Bosch Invests in Xometry
Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, joins a $55m growth financing round in Xometry.
Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, joins a $55m growth financing round in Xometry. The Gaithersburg, Maryland based company currently has 250 employees and is on track to generate around $100m in revenue this year.
Xometry recently launched the Xometry Supplies initiative. The company will help its manufacturing partners simplify their supply chain by providing relevant materials, tools and industrial supplies when they accept jobs. With deep insights on the specific raw material and tooling required to complete each job, the company can aggregate demand across its thousands of manufacturing partners and offer these supplies at discounted rates. Xometry utilizes artificial intelligence (AI) to generate instant pricing, lead times and design for manufacturing feedback for custom parts.
Xometry has built up a market leading portfolio of +3,000 manufacturing partners in the United States. Now, with the most recent round of funding, the company is turning an eye toward European expansion, leveraging Bosch’s manufacturing expertise in its key initiative of global expansion.
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