Tech & Cybersecurity

Gaithersburg’s Xometry Raises One Of The D.C. Area's Largest Investments In 2020 From Baltimore’s T.Rowe Price

MBS Staff
Xometry CEO Randy Altschuler

One of the largest and fastest growing tech start-ups in D.C. area announced it raised another large round of funding and this time led by another Maryland-based company.

Gaithersburg-based Xometry, a tech company that turns virtual plans to the on-demand manufacturing marketplace using proprietary AI algorithms. connects engineers and product designers with optimal manufacturing solutions.

Baltimore-based T. Rowe Price Associates Inc led a massive $75 million round, one of the largest investments to date for any company in the Washington, D.C. area.

Other participants in the funding include, Durable Capital Partners LP and ArrowMark. BMW i Ventures, Greenspring Associates, Dell Technologies Capital, Robert Bosch Venture Capital, Foundry Group, Highland Capital Partners, and Almaz Capital also joined in the current round of funding after making previous investments.

Including the $55 million raise in 2019, Xometry has brought in $193 million since 2013.

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