Xometry

Xometry is an on-demand industrial parts marketplace based in North Bethesda, Maryland, United States.^[1][2]

Xometry, Inc.

Formerly	NextLine Manufacturing Corp.
Company type	Public
Traded as	Nasdaq: XMTR (Class A) Russell 2000 component
Industry	Marketplace
Founded	2013; 12 years ago (2013)
Founders	Randy Altschuler (CEO) Laurence Zuriff
Headquarters	North Bethesda, Maryland , U.S.[1]
Key people	Fabio Rosati (Chairman)
Number of employees	992 (December 2023)
Website	xometry.com

Its CEO and co-founder is Randy Altschuler.^[2][3][4] Its customers include BMW, NASA, Bosch, Dell, and General Electric.^[5][6][7]

History

Xometry was founded in 2013 by Altschuler and Laurence Zuriff.^[2][5]

In July 2018, Xometry acquired MakeTime, a manufacturing platform based in Lexington, Kentucky.^[8]

In January 2019, Xometry acquired Machine Tool & Supply of Jackson, Tennessee and began to offer cutting tools, metal, and other supplies for manufacturers via Xometry Supplies.^[9]

In December 2019, Xometry acquired Shift, a Munich based on-demand manufacturing marketplace, which will now be known as Xometry Europe.^[10]

Xometry has raised about $150 million in venture capital funding. Investors include Highland Capital Partners, T. Rowe Price Funds, and Dell Technologies Capital. Anticipating an initial public offering in 2021, the company appointed a CFO and added Katharine Weymouth to its board of directors.^[5]

On June 30, 2021, Xometry shares began trading on the Nasdaq Global Select Market under the symbol XMTR.^[11]

In December 2021, Xometry acquired Thomas.^[12]

Competition

Xometry's primary competitors are other on-demand manufacturing platforms. They can be grouped into a few key categories:

1. Direct Global Competitors (Marketplace Model):

Hubs (A Protolabs Company): A major direct competitor with a large global network of manufacturing partners for CNC machining, 3D printing, and injection molding.

Fictiv: A significant US-based competitor with a strong focus on quality control and supply chain management through its distributed manufacturing network.

2. Key European / DACH Competitors:

Facturee: A leading online manufacturing platform in the German-speaking market (DACH), operating a large partner network very similar to Xometry.

Laserhub: A German-based competitor specializing in sheet metal processing and laser cutting.

3. Hybrid & In-House Competitors:

Protolabs: A pioneer in digital manufacturing that primarily uses its own highly automated factories for rapid prototyping and low-volume production. They now also own Hubs, giving them a hybrid model.