Xometry

Xometry, Inc.
FormerlyNextLine Manufacturing Corp.
Company typePublic
IndustryMarketplace
Founded2013; 12 years ago (2013)
Founders
Headquarters
North Bethesda, Maryland
,
U.S.[1]
Key people
Fabio Rosati (Chairman)
Number of employees
992 (December 2023)
Websitexometry.com

Xometry is an on-demand industrial parts marketplace based in North Bethesda, Maryland.[1][2]

Its CEO and co-founder is Randy Altschuler.[2][3][4] Its customers include BMW, NASA, Bosch, Dell, and General Electric.[5][6][7]

History

Xometry was founded in 2013 by Altschuler and Laurence Zuriff.[2][5]

In July 2018, Xometry acquired MakeTime, a manufacturing platform based in Lexington, Kentucky.[8]

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.[9]

In December 2019, Xometry acquired Shift, a Munich based on-demand manufacturing marketplace, which will now be known as Xometry Europe.[10]

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.[5]

On June 30, 2021, Xometry shares began trading on the Nasdaq Global Select Market under the symbol XMTR.[11]

In December 2021, Xometry acquired Thomas.[12]

References

  1. ^ a b "Xometry moves into new headquarters in North Bethesda". The Business Journals. Retrieved 21 December 2022.
  2. ^ a b c "Xometry Raises $50 Million for on Demand Parts Marketplace". The Wall Street Journal. Retrieved 24 June 2019.
  3. ^ "What Donald Trump Can Learn About Reviving Manufacturing From A Startup". Forbes. Retrieved 25 June 2019.
  4. ^ "BMW, GE Commit Millions to Digital Manufacturing Marketplace". U.S. News & World Report. Retrieved 25 June 2019.
  5. ^ a b c "Xometry uses AI and algorithms to match manufacturers with hard-to-find parts". Washington Post. Retrieved 2021-01-21.
  6. ^ "Manufacturing as a Service Platforms: The New Efficiency Revolution". Forbes. Retrieved 25 June 2019.
  7. ^ "Xometry Raises $15 Million in Funding". Fox Business. Retrieved 25 June 2019.
  8. ^ Tia Vialva (2018-07-10). "Xometry acquires MakeTime, Raises $25 Million in Funding Round". 3D Printing Industry. Retrieved 2021-01-21.
  9. ^ "Xometry Acquires Machine Tool & Supply, Launches Xometry Supplies". Industrial Distribution. 2020-01-15. Retrieved 2021-01-21.
  10. ^ Steve O'Hear. "Xometry acquires European on-demand marketplace Shift". TechCrunch. Retrieved 7 December 2019.
  11. ^ Ciara Linnane (2021-06-30). "Xometry shares soar 57% in trading debut". MarketWatch. Retrieved 2021-08-20.
  12. ^ "Xometry Acquires Thomas for $300M in Cash and Stock". www.industryweek.com. 2021-12-08. Retrieved 2021-12-09.
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