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About Xometry
Industries
Industrial & Manufacturing
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$202.4M
Headquarters
North Bethesda, Maryland
Founded
2013
Overview
Xometry connects businesses with manufacturers for custom manufacturing and industrial supply services. Clients can upload design files to receive instant quotes for various production methods, including 3D printing, CNC machining, injection molding, and sheet metal fabrication. The platform utilizes a large network of manufacturing partners to ensure quick delivery of high-quality parts at competitive prices. Additionally, Xometry offers a range of industrial supplies, such as raw materials and tooling, with a unique Supplies Flex program that allows clients to manage costs effectively. Unlike many competitors, Xometry has no minimum order requirements and provides fast shipping, making it suitable for businesses of all sizes. The company's goal is to streamline the manufacturing process and provide accessible solutions for custom parts and industrial needs.
Simplify's Take
What believers are saying
- Increased adoption of digital B2B marketplaces expands Xometry's market share potential.
- Instant pricing for tube cutting attracts clients seeking quick manufacturing solutions.
- Enhanced Teamspace features improve order management, boosting customer satisfaction.
What critics are saying
- Rising competition from digital B2B marketplaces threatens Xometry's market share.
- New executive appointments may disrupt operations if not managed carefully.
- COO's stock sale might indicate concerns about short-term company performance.
What makes Xometry unique
- Xometry leverages AI to streamline on-demand manufacturing processes efficiently.
- The platform offers instant quotes for diverse manufacturing services, enhancing user experience.
- Xometry's Supplies Flex program helps clients manage costs with flexible payment options.
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Funding
Total Funding
$202.4M
Above
Industry Average
Funded Over
6 Rounds
Benefits
Medical, dental, & vision insurance
Life insurance
401(k) with company matching
Equity
Generous PTO
Paid volunteer time
Commuter & parking benefits
Maternity & Paternity leave
Free snacks
Dog-friendly office spaces
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 1%In a significant executive move, Xometry has announced the appointment of Vaidyanathan Raghavan as the new Chief Technology Officer, following the departure of Matt Leibel.
Stephany Verstraete named Chief Marketing Officer at Xometry.
Former Vice President of B2B E-Commerce And Head Of B2B B2C Sales Of Wayfair Joins Xometry To Continue Driving Global Growth, Scale And Operating EfficienciesWill Oversee Global Operations, Product, People, And Technology, Including Its Leading Marketplace And Suite of Supplier ServicesSahni Brings Significant Operations, Product, Technology And Sales Expertise With A Deep Understanding Of Global Supply Chain Management And A Successful Track Record Of Deploying AI/Machine Learning And Automation NORTH BETHESDA, Md., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Xometry (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced the appointment of Sanjeev Singh Sahni as President, reporting to CEO Randy Altschuler. The former Vice President of B2B E-Commerce and Head of B2B B2C Sales Of Wayfair, Sahni brings a significant track record in Operations, Product and Technology development, Supply Chain Management, Customer Experience and a wealth of International experience. In this newly created role, Sahni will oversee all aspects of Xometry’s Operations, Product, Technology and People teams worldwide to continue driving global growth, scale and operating efficiencies. “Sanjeev is a highly regarded executive whose background in helping B2B and B2C tech brands scale will further accelerate our growth initiatives across our global marketplace and suite of supplier services,” said Randy Altschuler, CEO of Xometry. “Throughout his career, Sanjeev has demonstrated a unique ability to integrate technology, processes and people to deliver a unified experience across all customer touchpoints
Verition Fund Management LLC makes new investment in Xometry, Inc. (NASDAQ:XMTR).
There’s a sea of change sweeping through the B2B landscape. Traditional models of enterprise buying and selling are being displaced by digital marketplaces that aim to streamline workflows, reduce costs and deliver consumer-grade experiences to business buyers. After all, as of Tuesday (Dec. 10), you can now buy a car on Amazon. B2B procurement professionals are increasingly discovering that B2B marketplaces are among the fastest-growing B2B digital sales channels, offering specialized commercial products across even more traditional industries such as automotive, health care, agriculture, metals, chemicals, heavy manufacturing and aerospace
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About Xometry
Industries
Industrial & Manufacturing
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Total Funding
$202.4M
Headquarters
North Bethesda, Maryland
Founded
2013
Xometry is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today