Participated · Equity · May 2019

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.

Participated · Series A · Mar 2019

RackTop Systems develops BrickStor, a CyberConverged Network-Attached Storage (NAS) platform that fuses high-performance data storage with built-in security, encryption, access controls and compliance. The product is designed to protect sensitive data where it resides while simplifying management and scaling for enterprise and government customers. RackTop’s technology has been deployed worldwide to manage more than 50 petabytes of customer data across public sector, media, financial services, health care, higher education and life sciences. The company plans to use the Series A proceeds to accelerate near-term sales channel expansion and product development. RackTop was founded in 2010 and is headquartered in Fulton, Md., with deep roots serving the DoD and U.S. intelligence community. BrickStor has received multiple industry awards highlighting its storage and security capabilities.

Led · Series A · Aug 2018

threatER delivers an active network-defense platform that automates the enforcement, deployment, and analysis of cyber threats at scale. Using patented technology, it blocks traffic from all known bad actors while allowing trusted traffic, which both hardens security and improves the efficiency of customers’ existing security stacks. The company targets mid-sized businesses and large enterprises in verticals such as financial services, healthcare, and legal. threatER currently protects more than 350 customers worldwide, providing low-latency protection with full data-analytics transparency. The management team intends to leverage its new financing to execute an expansive product roadmap, broaden its network-protection capabilities, and push through to profitability. Recognition on the 2024 Inc. 5000 list underscores the venture’s rapid growth trajectory.

Participated · Series A · Jul 2018

Neuraly is focused on developing disease‑modifying agents for neurodegenerative disorders, primarily Parkinson’s and Alzheimer’s disease. Its lead program, NLY01, is a brain‑penetrant, long‑acting GLP‑1 receptor agonist that showed neuroprotective effects in preclinical models, including inhibition of microglial activation, prevention of neuronal death, slowed disease progression, improved motor and cognitive function, and extended lifespan in Parkinson’s models. NLY01 leverages a GLP‑1R class safety profile documented by approved diabetes treatments, and Neuraly expected to initiate a Phase 1 clinical trial in 2018. The company was formed in 2016 based on Johns Hopkins research and holds exclusive licenses to related patents; supporting data were published in Nature Medicine. Neuraly also reports two additional early‑stage pipeline candidates targeting complementary mechanisms. The company launched alongside a Series A financing to fund clinical development.

Participated · Equity · Jul 2018

Topbox ingests customer data from voice and text chats, surveys, social media posts and online reviews and runs it through classification models to identify granular friction points and root causes. Its core product aggregates disparate data sources and classifies signals so companies can move from high-level summaries to actionable, contextual insights. The company emphasizes granularity and the ability to surface root causes across channels. Current customers include Orvis, Bed Bath & Beyond and Western Union. Topbox focuses its efforts on verticals where its model performs best: retailers, mobile telcos, cable and broadband providers, and healthcare. The company recently raised $5 million and plans to use the capital to build out its go-to-market strategy and continue product development, including a forthcoming new user interface and additional machine learning hires.