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Xometry

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(Redirected from Xiometry) American manufacturing company
Xometry, Inc.
FormerlyNextLine Manufacturing Corp.
Company typePublic
Traded as
IndustryMarketplace
Founded2013; 11 years ago (2013)
Founders
HeadquartersNorth Bethesda, Maryland, U.S.
Key peopleFabio Rosati (Chairman)
Number of employees992 (December 2023)
Websitexometry.com

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

Its CEO and co-founder is Randy Altschuler. Its customers include BMW, NASA, Bosch, Dell, and General Electric.

History

Xometry was founded in 2013 by Altschuler and Laurence Zuriff.

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

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.

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

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.

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

In December 2021, Xometry acquired Thomas.

References

  1. ^ "Xometry moves into new headquarters in North Bethesda". The Business Journals. Retrieved 21 December 2022.
  2. ^ "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. ^ "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.

External links


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