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m Updated name of chairman <ref>https://investors.xometry.com/news-releases/news-release-details/fabio-rosati-appointed-chair-xometrys-board-directors</ref>
 
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{{Short description|American manufacturing company}}
{{Infobox company
{{Infobox company
| name = Xometry, Inc.
| name = Xometry, Inc.
| former_name = NextLine Manufacturing Corp.
⚫
| trade_name = Xometry
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|XMTR}}
| traded_as = {{ubl|class=nowrap|{{NASDAQ|XMTR}} (Class A)|[[Russell 2000]] component}}
| industry = [[Marketplace]]
| industry = [[Marketplace]]
| founded = 2013
| founded = {{Start date and age|2013}}
| founders = {{Unbulleted list|[[Randy Altschuler]] ([[CEO]])|Laurence Zuriff}}
| founders = {{Unbulleted list|[[Randy Altschuler]] ([[CEO]])|Laurence Zuriff}}
| key_people = George Horning ([[Chairman]])
| key_people = Fabio Rosati ([[Chairman]])
| hq_location_city = [[North Bethesda, Maryland]]
| hq_location_city = [[Derwood, Maryland]]<ref>{{cite web|url=https://sec.report/Document/0001193125-21-194064/ | title=Xometry S-1 SEC Filing Amendment 1 | access-date=1 July 2021}}</ref>
| hq_location_country = U.S.<ref name="bizjournals2022">{{cite web|url=https://www.bizjournals.com/washington/inno/stories/news/2022/12/21/xometry-headquarters-north-bethesda.html | title=Xometry moves into new headquarters in North Bethesda | work=The Business Journals | access-date=21 December 2022}}</ref>
| hq_location_country = United States
| num_employees = 386
| num_employees = 992
| num_employees_year = 2021
| num_employees_year = December 2023
| website = {{URL|https://www.xometry.com/|xometry.com}}
| website = {{URL|https://www.xometry.com/|xometry.com}}
}}
}}


'''Xometry''' is an [[Just-in-time manufacturing|on-demand industrial parts]] [[marketplace]] based in [[Derwood, Maryland]].<ref name="wsj2019">{{cite web|url=https://www.wsj.com/articles/xometry-raises-50-million-for-on-demand-parts-marketplace-11557741720 | title=Xometry Raises $50 Million for on Demand Parts Marketplace | publisher=Wall Street Journal | access-date=24 June 2019}}</ref>
'''Xometry''' is an [[Just-in-time manufacturing|on-demand industrial parts]] [[marketplace]] based in [[North Bethesda, Maryland]].<ref name="bizjournals2022"/><ref name="wsj2019">{{cite web|url=https://www.wsj.com/articles/xometry-raises-50-million-for-on-demand-parts-marketplace-11557741720 | title=Xometry Raises $50 Million for on Demand Parts Marketplace | work=The Wall Street Journal | access-date=24 June 2019}}</ref>


Its CEO and co-founder is [[Randy Altschuler]].<ref name="wsj2019"/><ref>{{cite web|url=https://www.forbes.com/sites/forbestreptalks/2017/03/20/what-donald-trump-can-learn-about-reviving-manufacturing-from-a-startup/#91da432abb8d | title=What Donald Trump Can Learn About Reviving Manufacturing From A Startup | work=Forbes | access-date=25 June 2019}}</ref><ref>{{cite web|url=https://www.usnews.com/news/maker-cities/articles/2017-06-28/bmw-ge-commit-millions-to-digital-manufacturing-marketplace | title=BMW, GE Commit Millions to Digital Manufacturing Marketplace | publisher=US News & World Report | access-date=25 June 2019}}</ref> Its customers include [[BMW]], [[NASA]], [[Robert Bosch GmbH|Bosch]], [[Dell]] and [[General Electric]].<ref name="wapo2021"/><ref>{{cite web|url=https://www.forbes.com/sites/marcoannunziata/2019/05/13/manufacturing-as-a-service-platforms-the-new-efficiency-revolution/#7cd3e5057fdb | title=Manufacturing as a Service Platforms: The New Efficiency Revolution | work=Forbes | access-date=25 June 2019}}</ref><ref>{{cite web|url=https://www.foxbusiness.com/features/xometry-raises-15-million-in-funding | title=Xometry Raises $15 Million in Funding | publisher=Fox Business | access-date=25 June 2019}}</ref>
Its CEO and co-founder is [[Randy Altschuler]].<ref name="wsj2019"/><ref>{{cite web|url=https://www.forbes.com/sites/forbestreptalks/2017/03/20/what-donald-trump-can-learn-about-reviving-manufacturing-from-a-startup/#91da432abb8d | title=What Donald Trump Can Learn About Reviving Manufacturing From A Startup | work=Forbes | access-date=25 June 2019}}</ref><ref>{{cite web|url=https://www.usnews.com/news/maker-cities/articles/2017-06-28/bmw-ge-commit-millions-to-digital-manufacturing-marketplace | title=BMW, GE Commit Millions to Digital Manufacturing Marketplace | publisher=U.S. News & World Report | access-date=25 June 2019}}</ref> Its customers include [[BMW]], [[NASA]], [[Robert Bosch GmbH|Bosch]], [[Dell]], and [[General Electric]].<ref name="wapo2021"/><ref>{{cite web|url=https://www.forbes.com/sites/marcoannunziata/2019/05/13/manufacturing-as-a-service-platforms-the-new-efficiency-revolution/#7cd3e5057fdb | title=Manufacturing as a Service Platforms: The New Efficiency Revolution | work=Forbes | access-date=25 June 2019}}</ref><ref>{{cite web|url=https://www.foxbusiness.com/features/xometry-raises-15-million-in-funding | title=Xometry Raises $15 Million in Funding | publisher=Fox Business | access-date=25 June 2019}}</ref>


==History==
==History==
Line 23: Line 24:
Xometry was founded in 2013 by Altschuler and Laurence Zuriff.<ref name="wsj2019"/><ref name="wapo2021"/>
Xometry was founded in 2013 by Altschuler and Laurence Zuriff.<ref name="wsj2019"/><ref name="wapo2021"/>


In July 2018, Xometry acquired MakeTime, a manufacturing platform based in [[Lexington, Kentucky]].<ref>{{cite web|url=https://3dprintingindustry.com/news/xometry-acquires-maketime-raises-25-million-135908/|title= Xometry acquires MakeTime, Raises $25 Million in Funding Round|publisher=3D Printing Industry |date=2018-07-10|access-date=2021-01-21| author=Tia Vialva}} </ref>
In July 2018, Xometry acquired MakeTime, a manufacturing platform based in [[Lexington, Kentucky]].<ref>{{cite web|url=https://3dprintingindustry.com/news/xometry-acquires-maketime-raises-25-million-135908/|title= Xometry acquires MakeTime, Raises $25 Million in Funding Round|publisher=3D Printing Industry |date=2018-07-10|access-date=2021-01-21| author=Tia Vialva}}</ref>


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.<ref>{{cite web|url=https://www.inddist.com/mergers-acquisitions/news/13777177/xometry-aquires-machine-tool-supply-launches-xometry-supplies | title=Xometry {{sic|Aqui|res|nolink=y}} Machine Tool & Supply, Launches Xometry Supplies | publisher=Industrial Distribution | date=2020-01-15|access-date=2021-01-21}}</ref>
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.<ref>{{cite web|url=https://www.inddist.com/mergers-acquisitions/news/13777177/xometry-aquires-machine-tool-supply-launches-xometry-supplies | title=Xometry Acquires Machine Tool & Supply, Launches Xometry Supplies | publisher=Industrial Distribution | date=2020-01-15|access-date=2021-01-21}}</ref>


In December 2019, Xometry acquired Shift, a [[Munich]] based on-demand manufacturing marketplace, which will now be known as Xometry Europe.<ref>{{cite web|url=https://techcrunch.com/2019/12/03/xometry-acquires-shift/ | title=Xometry acquires European on-demand marketplace Shift | publisher=TechCrunch | access-date=7 December 2019| author=Steve O'Hear}}</ref>
In December 2019, Xometry acquired Shift, a [[Munich]] based on-demand manufacturing marketplace, which will now be known as Xometry Europe.<ref>{{cite web|url=https://techcrunch.com/2019/12/03/xometry-acquires-shift/ | title=Xometry acquires European on-demand marketplace Shift | publisher=TechCrunch | access-date=7 December 2019| author=Steve O'Hear}}</ref>


Xometry has raised about $150 million in [[venture capital]] funding. Investors include [[Highland Capital Partners]], [[T. Rowe Price|T. Rowe Price Funds]], and [[Dell Technologies|Dell Technologies Capital]]. Anticipating an [[initial public offering]] in 2021, the company appointed a CFO and added [[Katharine Weymouth]] to its board of directors.<ref name="wapo2021">{{cite web|url=https://www.washingtonpost.com/business/economy/xometry-value-added/2020/12/23/da0003ea-4550-11eb-a277-49a6d1f9dff1_story.html | title=Xometry uses AI and algorithms to match manufacturers with hard-to-find parts | work=Washington Post | access-date=2021-01-21}}</ref>
Xometry has raised about $150 million in [[venture capital]] funding. Investors include [[Highland Capital Partners]], [[T. Rowe Price|T. Rowe Price Funds]], and [[Dell Technologies|Dell Technologies Capital]]. Anticipating an [[initial public offering]] in 2021, the company appointed a CFO and added [[Katharine Weymouth]] to its board of directors.<ref name="wapo2021">{{cite news|url=https://www.washingtonpost.com/business/economy/xometry-value-added/2020/12/23/da0003ea-4550-11eb-a277-49a6d1f9dff1_story.html | title=Xometry uses AI and algorithms to match manufacturers with hard-to-find parts | newspaper=Washington Post | access-date=2021-01-21}}</ref>

On June 30, 2021, Xometry shares began trading on the [[Nasdaq|Nasdaq Global Select Market]] under the symbol [[Transmitter|XMTR]].<ref>{{cite web|url=https://www.marketwatch.com/story/xometry-shares-soar-57-in-trading-debut-2021-06-30 | title=Xometry shares soar 57% in trading debut | publisher=MarketWatch |date=2021-06-30| access-date=2021-08-20| author=Ciara Linnane}}</ref>

In December 2021, Xometry acquired [[Thomas Register|Thomas]].<ref>{{Cite web|date=2021-12-08|title=Xometry Acquires Thomas for $300M in Cash and Stock|url=https://www.industryweek.com/supply-chain/article/21183282/xometry-acquires-thomas-for-300m-in-cash-and-stock|access-date=2021-12-09|website=www.industryweek.com}}</ref>


==References==
==References==
<references/>
<references/>


==External links==
*{{Official|https://www.xometry.com}}
{{Finance links
⚫
| name = Xometry, Inc.
| symbol = XMTR
| reuters = XMTR.O
| bloomberg = XMTR:US
| sec_cik = 1657573
| yahoo = XMTR
| google = XMTR:NASDAQ
}}


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{{business-stub}}

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[[Category:Companies based in Gaithersburg, Maryland]]
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[[Category:Privately held companies based in Maryland]]
[[Category:American companies established in 2013]]
[[Category:American companies established in 2013]]
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[[Category:Companies based in Gaithersburg, Maryland]]
[[Category:Derwood, Maryland]]
[[Category:Manufacturing companies established in 2013]]
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[[Category:2013 establishments in Maryland]]
[[Category:Companies listed on the Nasdaq]]
[[Category:2021 initial public offerings]]


⚫
{{US-company-stub}}

Latest revision as of 16:04, 11 September 2024

Xometry, Inc.
FormerlyNextLine Manufacturing Corp.
Company typePublic
IndustryMarketplace
Founded2013; 11 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

[edit]

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

[edit]
  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.
[edit]
  • Official website
  • Business data for Xometry, Inc.:


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