Xometry, a Gaithersburg, Md.-based on-demand manufacturing platform, raised $15M in funding.
The round was led by BMW i Ventures, with participation from existing investors GE Ventures and Highland Capital Partners. In conjunction with the funding, BMW i Venture’s Partner, Zach Barasz, is joining Xometry’s Board of Directors.
The company, which has now raised a total of $38m to date, intends to use the funds to accelerate investment in its machine learning-based software platform, manufacturing partner network, and sales organization.
Led by Randy Altschuler, co-founder and CEO, Xometry provides a proprietary machine learning-based software platform which offers on-demand manufacturing to a diverse customer base, ranging from startups to Fortune 100 companies. It gives product designers and engineers an efficient way to source high-quality custom parts, with 24/7 access to instant pricing, expected lead time and manufacturability feedback.
Xometry orchestrates a nationwide network of hundreds of partner manufacturing facilities that enables it to maintain fast lead times while offering a broad array of capabilities, including CNC Machining, 3D Printing, Sheet Metal and Casting to its customers.
The company serves over 5,000 customers spanning multiple verticals, including aerospace, automotive, consumer, medical devices and industrials.