Xometry is a technology company operating the largest AI-powered online marketplace for on-demand custom manufacturing, connecting engineers, designers, and buyers with a global network of vetted manufacturing partners.[1][2][3][4][5] It offers services like CNC machining, 3D printing, injection molding, sheet metal fabrication, and industrial supplies, serving startups to Fortune 100 firms such as BMW, NASA, and General Electric, while solving supply chain inefficiencies through instant quoting, AI-driven matching, and seamless project management.[1][2][3][5] With 2023 revenue of about $545.5 million, Xometry enables rapid prototyping, scalable production without minimums, and resilient supply chains via proprietary tools like Workcenter and Teamspace.[2][4]
Founded in 2013 and headquartered in North Bethesda, Maryland, Xometry emerged from founders recognizing a critical gap in custom manufacturing: traditional methods lacked agility for customization, speed, and cost-effectiveness amid rapid technological advances.[1][2] The idea crystallized as a one-stop AI-driven marketplace to bridge demand from engineers and designers with vetted suppliers, bypassing heavy infrastructure investments.[1] Early traction built on proprietary algorithms for instant quotes and matching, evolving into a full platform with supplier tools, financial services, and acquisitions like Thomasnet, a key North American sourcing platform, fueling its growth into the dominant digital manufacturing player.[4][5]
Xometry rides the digitization wave in manufacturing, automating fragmented supply chains hit by globalization, shortages, and demands for speed—trends amplified by Industry 4.0, AI, and post-pandemic resilience needs.[1][3][4] Its timing aligns with additive manufacturing growth (e.g., 8 processes like SLS, DMLS) and cloud tools enabling on-demand capacity, reducing reliance on slow, costly traditional factories.[2][3] Market forces like automotive and aerospace innovation favor its precision services, while influencing the ecosystem by generating rich data to refine AI, expanding supplier networks, and standardizing procurement for resilient, traceable production.[4][5]
Xometry is poised to dominate digital manufacturing as AI optimizations drive efficiency gains, network expansion unlocks more capacity, and tools like Thomasnet bolster industrial sourcing.[4] Trends in supply chain automation, sustainable materials, and AI analytics will shape its path, potentially accelerating revenue beyond 2023's $545.5 million through global scaling and new processes.[2][4] Its influence may evolve into a full-stack ecosystem leader, empowering more innovators to prototype and produce at speed—reinforcing its role as the agile bridge in a customizing world.[1][3]
Xometry has raised $165.0M in total across 4 funding rounds.
Xometry's investors include Almaz Capital, Cabra VC, Karma Ventures, Trind Ventures, What If Ventures, Keyhorse Capital, Vik Thapar, G2VP, GE Ventures.
Xometry has raised $165.0M across 4 funding rounds. Most recently, it raised $75.0M Series E in August 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2020 | $75.0M Series E | Almaz Capital, Cabra VC, Karma Ventures, Trind Ventures, What If Ventures | |
| Apr 1, 2019 | $50.0M Series D | Almaz Capital, Cabra VC, Karma Ventures, Trind Ventures, What If Ventures | |
| Jul 1, 2018 | $25.0M Series C | Almaz Capital, Cabra VC, Keyhorse Capital, What If Ventures, Vik Thapar | |
| Jun 1, 2017 | $15.0M Series B | Almaz Capital, Cabra VC, G2VP, GE Ventures, Keyhorse Capital, What If Ventures |
