Xometry operates an on-demand manufacturing marketplace that matches customers with a network of over 5,000 manufacturers and offers capabilities including CNC machining, injection molding, sheet metal and over 60 metal and plastic 3D printing materials. The company’s platform uses proprietary AI algorithms to identify optimal manufacturing solutions for a customer base that ranges from startups to Fortune 100 companies; customers named include BMW, Dell Technologies, General Electric, Bosch and NASA. Xometry has expanded internationally, acquiring Munich-based Shift in December 2019, and recently launched the Xometry Advance Card to provide upfront payments and improve manufacturers’ cash flow. The company announced the hire of Jim Rallo as CFO. Xometry plans to use the new funding to accelerate business growth through investments in its software platform, new products and other initiatives. Since its founding in 2013 and led by CEO Randy Altschuler, Xometry has raised $193M to date. Xometry is an on-demand manufacturing marketplace that connects customers with manufacturing solutions using proprietary AI algorithms. The company operates a nationwide network of over 3,000 partner manufacturing facilities offering capabilities such as CNC machining, 3D printing, sheet metal fabrication, injection molding, die casting, stamping, extrusion and urethane casting. Xometry launched Xometry Supplies to provide manufacturers in its marketplace with materials and tools to manufacture parts faster and at lower cost. Its customer base ranges from startups to Fortune 100 companies and includes BMW, Dell Technologies, General Electric and NASA. Led by co-founder and CEO Randy Altschuler and based in Gaithersburg, MD, the company intends to use new funds for growth initiatives, product development and global expansion. The company has raised $113M to date following the announced equity round. Xometry operates a software platform that provides on-demand manufacturing services with instant pricing, expected lead time and manufacturability feedback. The company aggregates a nationwide network of partner manufacturers to fulfill custom part orders across CNC machining, 3D printing, sheet metal, injection molding and urethane casting. Following its acquisition of MakeTime, Xometry expanded its partner network from about 1,100 to over 2,300 and gained MakeTime’s enterprise product features, including an Autodesk Fusion add-in and the Shop Advantage program. Xometry serves over 10,000 customers across verticals such as aerospace, automotive, consumer, medical devices and industrials, and counts BMW, General Electric and NASA among its customers. The combined company will operate under the Xometry brand with offices in Maryland and Kentucky, and MakeTime founder Drura Parrish will join Xometry as Executive Vice President for Platform. Foundry Group’s Seth Levine will join Xometry’s board as part of the new funding round. Xometry operates a proprietary machine learning–based software platform that offers on-demand manufacturing with instant pricing, expected lead time and manufacturability feedback. The platform orchestrates a nationwide network of hundreds of partner manufacturing facilities providing capabilities including CNC machining, 3D printing, sheet metal and casting. Xometry serves over 5,000 customers across aerospace, automotive, consumer, medical devices and industrials, and has tripled its 2016 bookings during the same time period year-over-year. The company has expanded its manufacturing capacity more than five times since the end of last year. Xometry plans to use recent funding to accelerate investment in its machine learning platform, expand its manufacturing partner network and grow its sales organization. It counts global manufacturers such as GE and BMW among users of its platform and has raised $38MM total to date. Xometry operates an on-demand manufacturing marketplace that connects engineers and designers to a nationwide network of vetted small- and medium-sized manufacturers. Its e-commerce platform provides instant pricing, lead times and manufacturability feedback when customers upload 3D files, eliminating bidding and streamlining a previously time-intensive process. The company serves customers across industries including aerospace, automotive, defense, medical, technology and telecommunications and counts General Electric, MIT Lincoln Laboratory, NASA and the U.S. Army among its customers. Xometry reported over 4,000 customers and a partner network spanning 35 states. In February 2017 Xometry secured new funding from GE Ventures and existing investors to bring total funding to $23 million, which the company said will be used to accelerate investment in its software platform. The platform supports capabilities such as CNC machining, 3D printing, sheet metal and urethane casting as it seeks to expand capacity and meet more customer needs.

Total raised

$197M

Funding rounds

6

Latest round

Series E

Latest activity

Sep 2020