Xometry (NASDAQ:XMTR) operates a digital on-demand manufacturing marketplace that connects industrial buyers with suppliers of custom-made parts. Through its online platform, the company offers a wide array of manufacturing processes, including CNC machining, injection molding, sheet metal fabrication, urethane casting, and various forms of additive manufacturing (3D printing). By leveraging proprietary algorithms and an expansive network of vetted manufacturers, Xometry provides instant pricing, design for manufacturability feedback, and order tracking, enabling customers to streamline procurement from prototype to production volumes.
Founded in 2013 and headquartered in Gaithersburg, Maryland, Xometry has steadily expanded its geographic footprint and service offerings. In 2020, the company enhanced its European presence through the acquisition of Shift, a key digital manufacturing platform based in Munich. This strategic move extended Xometry’s reach across Germany and the broader EU, augmenting its capacity to serve industries such as aerospace, automotive, medical devices, electronics, and robotics on both sides of the Atlantic.
At the core of Xometry’s business model is its Instant Quoting Engine, which employs machine learning to analyze CAD files, predict manufacturing costs, and optimize production schedules. This technology-driven approach not only accelerates lead times but also ensures quality by matching orders with suppliers that meet stringent certification and capability requirements. Beyond standard manufacturing processes, Xometry continues to add new capabilities—such as die casting, forging, and specialized surface treatments—to address evolving customer demands.
Leadership at Xometry is anchored by co-founder and Chief Executive Officer Randy Altschuler, whose background in technology entrepreneurship has guided the company through rapid scaling and its public listing on the NASDAQ. Supported by a management team experienced in engineering, software development, and supply chain logistics, Xometry remains focused on enhancing platform functionality, broadening its supplier network, and driving international growth to solidify its position as a leading digital manufacturing marketplace.
