Xometry is an on-demand industrial parts

marketplace A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a ''souk'' (from the Arabic), '' ...

based in

North Bethesda, Maryland North Bethesda is an unincorporated, census-designated place in Montgomery County, Maryland, United States, located just north-west of the U.S. capital of Washington, D.C. It had a population of 50,094 as of the 2020 census. Among its neighbor ...

. Its CEO and co-founder is

Randy Altschuler Randolph Brody Altschuler (born December 8, 1970) is an American businessman and politician. He was the Republican and Conservative Party candidate for Congress in New York's 1st Congressional District in 2010 and 2012. He is the co-founder and ...

. Its customers include BMW,

NASA The National Aeronautics and Space Administration (NASA ) is an independent agency of the US federal government responsible for the civil space program, aeronautics research, and space research. NASA was established in 1958, succeedi ...

Bosch Bosch may refer to: People * Bosch (surname) * Hieronymus Bosch (c. 1450 – 1516), painter * Van den Bosch, a Dutch toponymic surname * Carl Bosch, a German chemical engineer and nephew of Robert Bosch * Robert Bosch, founder of Robert Bosch Gm ...

Dell Dell is an American based technology company. It develops, sells, repairs, and supports computers and related products and services. Dell is owned by its parent company, Dell Technologies. Dell sells personal computers (PCs), servers, data ...

, and

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energ ...

History

Xometry was founded in 2013 by Altschuler and Laurence Zuriff. In July 2018, Xometry acquired MakeTime, a manufacturing platform based in

Lexington, Kentucky Lexington is a city in Kentucky, United States that is the county seat of Fayette County. By population, it is the second-largest city in Kentucky and 57th-largest city in the United States. By land area, it is the country's 28th-largest ...

. In January 2019, Xometry acquired Machine Tool & Supply of

Jackson, Tennessee Jackson is a city in and the county seat of Madison County, Tennessee, United States. Located east of Memphis, it is a regional center of trade for West Tennessee. Its total population was 68,205 as of the 2020 United States census. Jackso ...

and began to offer cutting tools, metal, and other supplies for manufacturers via Xometry Supplies. In December 2019, Xometry acquired Shift, a

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Ha ...

based on-demand manufacturing marketplace, which will now be known as Xometry Europe. Xometry has raised about $150 million in

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

funding. Investors include

Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices in Boston, Silicon Valley, and San Francisco. Highland has raised over $4 billion in committed capital and invested in more than 280 companies, with 47 IPOs and 134 Acquisi ...

, T. Rowe Price Funds, and Dell Technologies Capital. Anticipating an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

in 2021, the company appointed a CFO and added

Katharine Weymouth Katharine Bouchage Weymouth (born May 28, 1966) is an American lawyer and businesswoman who from 2008 to 2014 was publisher of ''The Washington Post'' and chief executive officer of Washington Post Media. Early life and education Weymouth grew u ...

to its board of directors. On June 30, 2021, Xometry shares began trading on the

Nasdaq Global Select Market The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

under the symbol XMTR. In December 2021, Xometry acquired

Thomas Thomas may refer to: People * List of people with given name Thomas * Thomas (name) * Thomas (surname) * Saint Thomas (disambiguation) * Thomas Aquinas (1225–1274) Italian Dominican friar, philosopher, and Doctor of the Church * Thomas the ...

References

American companies established in 2013 Companies based in Gaithersburg, Maryland Derwood, Maryland Manufacturing companies established in 2013 2013 establishments in Maryland Companies listed on the Nasdaq 2021 initial public offerings {{US-company-stub