Xometry

Xometry is an on-demand industrial parts marketplace based in Gaithersburg, Maryland.[1]

Its CEO and co-founder is Randy Altschuler.[1][2][3] Its customers include BMW, NASA, Bosch, Dell and General Electric.[4][5][6]

History

Xometry was founded in 2013 by Altschuler and Laurence Zuriff.[1][4]

In July 2018, Xometry acquired MakeTime, a manufacturing platform based in Lexington, Kentucky.[7]

In January 2019, Xometry acquired Machine Tool & Supply of Jackson, Tennessee and began to offer cutting tools, metal, and other supplies for manufacturers via Xometry Supplies.[8]

In December 2019, Xometry acquired Shift, a Munich based on-demand manufacturing marketplace, which will now be known as Xometry Europe.[9]

Xometry has raised about $150 million in venture capital funding. Investors include Highland Capital Partners, T. Rowe Price Funds, and Dell Technologies Capital. Anticipating an initial public offering in 2021, the company appointed a CFO and added Katharine Weymouth to its board of directors.[4]

References
  1. "Xometry Raises $50 Million for on Demand Parts Marketplace". Wall Street Journal. Retrieved 24 June 2019.
  2. "What Donald Trump Can Learn About Reviving Manufacturing From A Startup". Forbes. Retrieved 25 June 2019.
  3. "BMW, GE Commit Millions to Digital Manufacturing Marketplace". US News & World Report. Retrieved 25 June 2019.
  4. "Xometry uses AI and algorithms to match manufacturers with hard-to-find parts". Washington Post. Retrieved 2021-01-21.
  5. "Manufacturing as a Service Platforms: The New Efficiency Revolution". Forbes. Retrieved 25 June 2019.
  6. "Xometry Raises $15 Million in Funding". Fox Business. Retrieved 25 June 2019.
  7. Tia Vialva (2018-07-10). "Xometry acquires MakeTime, Raises $25 Million in Funding Round". 3D Printing Industry. Retrieved 2021-01-21.
  8. "Xometry Aquires Machine Tool & Supply, Launches Xometry Supplies". Industrial Distribution. 2020-01-15. Retrieved 2021-01-21.
  9. Steve O'Hear. "Xometry acquires European on-demand marketplace Shift". TechCrunch. Retrieved 7 December 2019.


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