Robert Bosch Venture Capital Invests in Xometry

Robert Bosch Venture Capital (RBVC) joins a $55m growth financing round in Xometry. The U.S. based company currently has 250 employees and is on track to generate around USD 100M in revenue this year.

With this latest round of funding, Xometry is now eyeing expansion into the European geography. “Xometry’s instant quoting engine helps drive efficiency by leveraging AI algorithms to instantly generate a price, lead time, and manufacturability feedback“ says RBVC Managing Director Ingo Ramesohl.

With the Xometry instant quoting engine, customers can upload their 3D CAD files to the company’s website with simple drag and drop functionality, or order directly from Solidworks or Autodesk design software via Xometry plugins. The part geometries and properties are automatically analyzed and information on cost, lead time and manufacturability are shown.

Customers can dynamically tweak the manufacturing process used, raw material, color, tolerances, required certifications and part finish via drop down menus to immediately understand the effect on price and lead time. These parameters can all be fine-tuned so that the customer can optimize for the variable that is most critical to them. Once satisfied, there is a one-click order process without the need to wait for quotes coming back from multiple suppliers.

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, Xometry can aggregate demand across its thousands of manufacturing partners and offer these supplies at discounted rates.