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Xometry completes $75 million equity round
- September 21, 2020
- News Release
- Metalworking
Gaithersburg, Md.-based on-demand manufacturing marketplace Xometry has completed a $75 million equity round led by funds and accounts advised by T. Rowe Price Associates Inc. Durable Capital Partners LP and ArrowMark Partners also participated in the round, along with previous venture and strategic investors BMW i Ventures, Greenspring Associates, Dell Technologies Capital, Robert Bosch Venture Capital, Foundry Group, Highland Capital Partners, and Almaz Capital.
Following a $55 million Series D in 2019, this new funding round brings Xometry to $193 million in total funding since its founding in 2013.
The company also announced that Jim Rallo has joined the company as CFO. He previously served as president/CFO of Liquidity Services.
The on-demand manufacturing marketplace uses proprietary AI algorithms to connect engineers and product designers with manufacturing capabilities including metal and plastic 3D printing materials, CNC machining, injection molding, and sheet metal, delivered through a network of more than 5,000 manufacturers.
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