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§ Public · Gaithersburg, MD, USA
Xometry is a technology company.
Xometry operates an AI-powered marketplace, connecting buyers with a global network of suppliers for on-demand manufacturing. The company offers instant quoting and streamlined production across processes including 3D printing, CNC machining, sheet metal fabrication, and injection molding. Its digital platform optimizes part sourcing and production, making custom manufacturing efficient and accessible for industrial applications.
Founded in 2013 by Randy Altschuler and Laurence Zuriff, Xometry originated from the insight that manufacturing capacity could be made accessible through digital innovation. Altschuler, an entrepreneur with AI-centric company experience, and Zuriff recognized inefficiencies in traditional custom part procurement. They established a technology-driven solution to bridge the demand-supply gap in distributed manufacturing.
Xometry serves a broad customer base, from Fortune 500 enterprises to small businesses, enabling rapid transition from design to production. Its vision is to democratize global manufacturing capabilities. Xometry strives to accelerate innovation by making custom parts smarter and faster, strengthening its supplier network and fostering resilient supply chains.
Xometry has raised $271.8M across 8 funding rounds.
Key people at Xometry.
Xometry was founded in 2013 by Randy Altschuler (Founder and CEO) and Laurence Zuriff (Founder and CSO).
Xometry has raised $271.8M in total across 8 funding rounds.
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]
Key people at Xometry.
Xometry has raised $271.8M across 8 funding rounds. Most recently, it raised $75.0M Series E in August 2020.
Xometry was founded in 2013 by Randy Altschuler (Founder and CEO) and Laurence Zuriff (Founder and CSO).
Xometry has raised $271.8M in total across 8 funding rounds.
Xometry's investors include Andrew Davis, Almaz Capital, Cabra VC, Karma Ventures, Trind Ventures, What If Ventures, ArrowMark Partners, BMW i Ventures, Dell Technologies Capital, Henry Ellenbogen, Foundry Group, Greenspring Associates.