Siemens has entered into a strategic partnership with Xometry (NASDAQ: XMTR) that includes a $50 million minority investment in the manufacturing marketplace company, according to a press release statement.

The partnership will integrate Xometry's manufacturing intelligence capabilities into Siemens Xcelerator platform, allowing customers to access real-time pricing, sourcing and manufacturing feasibility data directly within their design workflows. The collaboration extends Siemens' supply chain intelligence beyond electronic components to include standard and custom mechanical parts.

Xometry operates an AI-powered marketplace connecting buyers with manufacturing suppliers and owns Thomas, a North American industrial sourcing network. The company's platform processes data from millions of part files and maintains relationships with more than 5,000 active suppliers globally.

The integration will embed Xometry's instant quoting engine and design-for-manufacturing AI directly into Siemens' design software, eliminating the need for separate login systems. Users will receive immediate feedback on design feasibility, manufacturing options, pricing and lead times within their existing workflows.

"Industrial competitiveness is defined by how fast and how confidently companies can turn digital ideas into physical reality," said Tony Hemmelgarn, president and CEO of Siemens Digital Industries Software.

Randy Altschuler, co-founder and CEO of Xometry, stated that the partnership enables the company to "deliver this intelligence to engineers inside the design systems and workflows where manufacturing decisions are made."

Siemens will invest approximately $50 million for newly issued Class A common stock in Xometry. The partnership also supports Siemens' strategy to expand access to industrial technology across companies of various sizes by combining enterprise-grade software with manufacturing execution workflows.