Xometry, Inc. | |
Former Name: | NextLine Manufacturing Corp. |
Type: | Public |
Industry: | Marketplace |
Key People: | Fabio Rosati (Chairman) |
Hq Location City: | North Bethesda, Maryland |
Hq Location Country: | U.S.[1] |
Num Employees: | 992 |
Num Employees Year: | December 2023 |
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]
Xometry was founded in 2013 by Altschuler and Laurence Zuriff.[2]
In July 2018, Xometry acquired MakeTime, a manufacturing platform based in Lexington, Kentucky.[7]
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.[8]
In December 2019, Xometry acquired Shift, a Munich based on-demand manufacturing marketplace, which will now be known as Xometry Europe.[9]
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.[10]
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]