Xometry: Difference between revisions
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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> |
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> |
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On June 30, 2021, Xometry shares began trading on the [[Nasdaq|Nasdaq Global Select Market]] under the symbol 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> |
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> |
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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> |
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> |
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Revision as of 15:59, 1 February 2024
| Xometry | |
| Company type | Public |
| Nasdaq: XMTR | |
| Industry | Marketplace |
| Founded | 2013 |
| Founders |
|
| Headquarters | , U.S.[1] |
Key people | George Horning (Chairman) |
Number of employees | 512 (2021) |
| Website | xometry.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
- ^ a b "Xometry moves into new headquarters in North Bethesda". The Business Journals. Retrieved 21 December 2022.
- ^ a b c "Xometry Raises $50 Million for on Demand Parts Marketplace". The Wall Street Journal. Retrieved 24 June 2019.
- ^ "What Donald Trump Can Learn About Reviving Manufacturing From A Startup". Forbes. Retrieved 25 June 2019.
- ^ "BMW, GE Commit Millions to Digital Manufacturing Marketplace". U.S. News & World Report. Retrieved 25 June 2019.
- ^ a b c "Xometry uses AI and algorithms to match manufacturers with hard-to-find parts". Washington Post. Retrieved 2021-01-21.
- ^ "Manufacturing as a Service Platforms: The New Efficiency Revolution". Forbes. Retrieved 25 June 2019.
- ^ "Xometry Raises $15 Million in Funding". Fox Business. Retrieved 25 June 2019.
- ^ Tia Vialva (2018-07-10). "Xometry acquires MakeTime, Raises $25 Million in Funding Round". 3D Printing Industry. Retrieved 2021-01-21.
- ^ "Xometry Acquires Machine Tool & Supply, Launches Xometry Supplies". Industrial Distribution. 2020-01-15. Retrieved 2021-01-21.
- ^ Steve O'Hear. "Xometry acquires European on-demand marketplace Shift". TechCrunch. Retrieved 7 December 2019.
- ^ Ciara Linnane (2021-06-30). "Xometry shares soar 57% in trading debut". MarketWatch. Retrieved 2021-08-20.
- ^ "Xometry Acquires Thomas for $300M in Cash and Stock". www.industryweek.com. 2021-12-08. Retrieved 2021-12-09.
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