{"id":68721,"date":"2019-07-29T13:13:59","date_gmt":"2019-07-29T05:13:59","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/xometry-receives-15-million-funding-for-on-demand-manufacturing-led-by-bmw-i-ventures-and-ge-ventures.3dm"},"modified":"2019-07-29T13:13:59","modified_gmt":"2019-07-29T05:13:59","slug":"xometry-receives-15-million-funding-for-on-demand-manufacturing-led-by-bmw-i-ventures-and-ge-ventures","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/xometry-receives-15-million-funding-for-on-demand-manufacturing-led-by-bmw-i-ventures-and-ge-ventures\/","title":{"rendered":"Xometry receives $15 million funding for on-demand manufacturing led by BMW i Ventures and GE Ventures"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">159<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">129<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">28<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">2<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Maryland-based manufacturing company Xometry has just announced it has closed an investment funding round of $15 million.<\/p>\n<p>We spoke to Xometry to find out more about the funding and how the company will use investment in its future operations.<\/p>\n<p>Xometry offers a software platform for on-demand manufacturing services using 3D printers as well as traditional manufacturing machinery. An instant quoting service connects users with smaller manufacturing shops in the U.S to fulfil the part orders.<\/p>\n<p>Having raised $23 million earlier in the year, today&#8217;s news brings the total funding to $38 million. This recent round was led by BMW i Ventures with existing investors GE Ventures and Highland Capital Partners. BMW i Ventures and GE Ventures have both previously invested in several other notable 3D printing companies including Carbon and Desktop Metal.<\/p>\n<p><strong>Expanding the online platform <\/strong><\/p>\n<p>Randy Altschuler, co-founder and CEO of Xometry is \u201c<em>thrilled to partner with BMW i Ventures and deepen our relationship with General Electric.<\/em>\u201d Altschuler explains how the funding will be implemented in the business,<\/p>\n<blockquote>\n<p>We\u2019re accelerating our efforts to provide additional features to our online platform, making it easier for engineers and procurement managers to conveniently order a wide range of parts delivered by our expanding network of hundreds of manufacturers across the nation.<\/p>\n<\/blockquote>\n<figure id=\"attachment_117181\" style=\"width: 768px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-117181\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/20170609-whatwillitlooklike-blog-hero.jpg\" alt=\"Intricate 3D printed parts. Image via Xometry. \" width=\"768\" height=\"395\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/20170609-whatwillitlooklike-blog-hero.jpg 768w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/20170609-whatwillitlooklike-blog-hero-200x103.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/20170609-whatwillitlooklike-blog-hero-500x257.jpg 500w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption class=\"wp-caption-text\">Intricate 3D printed parts. Image via Xometry.<\/figcaption><\/figure>\n<p><strong>Market expansion<\/strong><\/p>\n<p>Xometry states the company has achieved rapid market expansion recently and expanded its customers past the 5,000 mark. We asked Xometry how the typical customer is using the company&#8217;s services,<\/p>\n<blockquote>\n<p>Our customers use Xometry for a wide range of custom parts, from prototypes to production. Many of our customers are engineers at Fortune 500 companies like BMW and GE, and at government agencies like NASA and the U.S. Army.<\/p>\n<\/blockquote>\n<p><strong>The battle for the digital thread end-to-end platform<\/strong><\/p>\n<p>With a number of industrial companies looking to develop the ideal end-to-end software platform, and some even turning to blockchain systems, we asked Xometry how it is approaching the competitive field,<\/p>\n<blockquote>\n<p>Manufacturing on demand is at the heart of the digital thread end-to-end platform, allowing engineers to create, prototype, iterate, and produce custom parts seamlessly. Xometry serves as a digital supply chain, incorporating quoting up front to give a market price and then appropriately matching each part with a partner in our nationwide manufacturing network.<\/p>\n<\/blockquote>\n<figure id=\"attachment_117187\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-117187\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C_Y641fXkAM7CxN.jpg\" alt=\"3D printed components show the capabilities of the manufacturing platform. Image via Xometry. \" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C_Y641fXkAM7CxN.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C_Y641fXkAM7CxN-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C_Y641fXkAM7CxN-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/C_Y641fXkAM7CxN-500x375.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">3D printed components show the capabilities of the manufacturing platform. Image via Xometry.<\/figcaption><\/figure>\n<p><strong>Set apart from the rest<\/strong><\/p>\n<p>Xometry will continue to develop its on-demand platform with this funding and hopes to cement its position in this field. The company believes it is set apart from other services,<\/p>\n<blockquote>\n<p>The combination of Xometry&#8217;s instant quoting platform and nationwide network of hundreds of machine shops and small manufacturers puts Xometry in a unique position in the manufacturing space. The ability to get an instant quote, lead time, and manufacturability analysis on your part in seconds by simply uploading a 3D CAD file has made ordering custom parts more efficient for engineers and designers.<\/p>\n<\/blockquote>\n<p><em>To stay updated with all the latest 3D printing news, subscribe to the most widely read newsletter in the 3D printing industry, follow us on twitter and like us on Facebook.<\/em><\/p>\n<p><em>Featured image shows array of on-demand parts. Image via Xometry.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>159shares 129 28 2 Maryland-based manufacturing company Xometry has just announced it has closed an investment funding round of $15 million. We spoke to Xometry to find out more about the funding and how the company will use investment in its future operations. Xometry offers a software platform for on-demand manufacturing services using 3D printers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182667,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2017\/06\/20170609-whatwillitlooklike-blog-hero.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,173,158],"class_list":["post-68721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-business","tag-space"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Xometry receives $15 million funding for on-demand manufacturing led by BMW i Ventures and GE Ventures - FacFox News<\/title>\n<meta name=\"description\" content=\"159shares129282Maryland-based manufacturing company Xometry has just announced it has closed an investment funding round of $15 million. We spoke to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/xometry-receives-15-million-funding-for-on-demand-manufacturing-led-by-bmw-i-ventures-and-ge-ventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Xometry receives $15 million funding for on-demand manufacturing led by BMW i Ventures and GE Ventures\" \/>\n<meta property=\"og:description\" content=\"159shares129282Maryland-based manufacturing company Xometry has just announced it has closed an investment funding round of $15 million. 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