Xometry
| Company type | Public |
|---|---|
| Industry | On-demand manufacturing marketplace |
| Founded | 2013 |
| Founder | Randy Altschuler, Laurence Zuriff |
| Headquarters | North Bethesda, Maryland , United States |
Key people | Randy Altschuler (CEO) |
| Products | Industrial parts on demand, manufacturing materials (cutting tools, metals) |
| Website | xometry |
Xometry operates as a marketplace for industrial parts on demand, with its headquarters located in North Bethesda, Maryland, United States.[1][2]
The company is led by CEO and co-founder Randy Altschuler.[2] Its prominent clientele includes BMW, NASA, Bosch, Dell, and General Electric.[3]
History
Established in 2013 by Randy Altschuler and Laurence Zuriff,[2][3] Xometry has grown through targeted acquisitions. In July 2018, it purchased MakeTime, a manufacturing platform headquartered in Lexington, Kentucky.Cite error: The opening <ref> tag is malformed or has a bad name Subsequently, in January 2019, Xometry acquired Machine Tool & Supply from Jackson, Tennessee, leading to the creation of Xometry Supplies, which provides cutting tools, metals, and manufacturing materials.Cite error: The opening <ref> tag is malformed or has a bad name
In December 2019, the company expanded into Europe by acquiring Shift, an on-demand manufacturing marketplace based in Munich, which was then rebranded as Xometry Europe.Cite error: The opening <ref> tag is malformed or has a bad name
Xometry has secured around $150 million in venture funding from investors such as Highland Capital Partners, T. Rowe Price Funds, and Dell Technologies Capital. As part of its preparation for a public offering in 2021, the firm appointed a new CFO and added Katharine Weymouth to its board of directors.[3]
On June 30, 2021, Xometry commenced trading on the Nasdaq Global Select Market under the ticker symbol XMTR.Cite error: The opening <ref> tag is malformed or has a bad name
Later in December 2021, the company acquired Thomas for $300 million through a combination of cash and stock.Cite error: The opening <ref> tag is malformed or has a bad name
Competition
Xometry faces competition primarily from other on-demand manufacturing platforms, which can be classified into the following groups:
1. Direct Global Competitors (Marketplace Model):
Hubs (A Protolabs Company): A significant worldwide competitor offering services in CNC machining, 3D printing, and injection molding through a broad network.
Fictiv: A notable US-based contender focusing on quality assurance and supply chain optimization via its distributed manufacturing system.
2. Principal European / DACH Market Competitors:
Facturee: A prominent online platform serving the German-speaking DACH region with a partner network comparable to that of Xometry.
Laserhub: A German competitor specializing in laser cutting and sheet metal fabrication.
3. Hybrid & In-House Competitors:
Protolabs: An early pioneer in digital manufacturing operating automated facilities dedicated to rapid prototyping and small-batch production; also owns Hubs, which utilizes a hybrid operational model.