Xometry
NASDAQ: XMTRGaithersburg, US · Founded 2013 · Maryland corporation · 1,169 employees on LinkedIn · Public · 12 known investors
Xometry operates an on-demand manufacturing marketplace connecting buyers—from startups to global enterprises—with a vetted global network of suppliers for precision components across prototyping and high-volume production. It offers an instant quoting engine and supply chain tools for custom parts from design through final delivery.
Also known as XMTR · Xometry, Inc.
Founders & leadership
Xometry was founded in 2013 by Randy Altschuler.
Board
Investors · 12
Also in the syndicate · 5
Reported raises · per SEC filings
Form D private placements$63.2M disclosed across 5 of 6 rounds · 2015–2020
▶$25MraisedJul 2018 · 8 investors · Other TechnologyRule 506(b)
- Laurence ZuriffExecutive Officer, Director
- Zachary BaraszDirector
- Fabio RosatiDirector
- Seth LevineDirector
- Randolph AltschulerExecutive Officer, Director
- Sean DaltonDirector
- George HorningDirector
- Offering amount
- $25M
- Amount sold
- $25M
- First sale
- Jun 2018
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06b
▶$7.4MraisedJul 2018 · 12 investors · Other TechnologyRule 506(b)
- Fabio RosatiDirector
- Randolph AltschulerExecutive Officer, Director
- Seth LevineDirector
- Zachary BaraszDirector
- Sean DaltonDirector
- Laurence ZuriffExecutive Officer, Director
- George HorningDirector
- Offering amount
- $7.4M
- Amount sold
- $7.4M
- First sale
- Jun 2018
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06b
▶$15MraisedJun 2017 · 8 investors · Other TechnologyRule 506(b)
- Laurence ZuriffExecutive Officer, Director
- George HorningDirector
- Randolph AltschulerExecutive Officer, Director
- Sean DaltonDirector
- Offering amount
- $15M
- Amount sold
- $15M
- First sale
- Jun 2017
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06b
▶$7MraisedFeb 2017 · 12 investors · Other TechnologyRule 506(b)
- George HorningDirector
- Laurence ZuriffExecutive Officer, Director
- Randolph AltschulerExecutive Officer, Director
- Sean DaltonDirector
- Offering amount
- $7M
- Amount sold
- $7M
- First sale
- Dec 2016
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06b
▶$8.8MraisedNov 2015 · 37 investors · Other TechnologyRule 506(b)
- Randolph AltschulerExecutive Officer, Director, Promoter
- George HornigDirector
- John DeutchDirector
- Laurence ZuriffExecutive Officer, Director, Promoter
- Offering amount
- $8.8M
- Amount sold
- $8.8M
- First sale
- Oct 2015
- Incorporated
- Corporation, Delaware, 2013
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Xometry operates a digital marketplace for on-demand custom manufacturing, connecting buyers who need precision parts with a network of vetted manufacturing suppliers. Customers upload CAD files (formats include STEP, SLDPRT, STL, DXF, IPT and others) to the Xometry Instant Quoting Engine, which returns pricing, expected lead times and manufacturability feedback, allowing orders to be placed online. Processes offered on the platform include CNC machining (milling, turning, drilling and wire EDM), 3D printing across eight processes and more than 100 materials (SLS, HP MJF, FDM, SLA, DMLS and others), sheet and tube fabrication (laser, waterjet and plasma cutting, bending, welding and assembly), injection molding including insert, over- and compression molding, and high-volume metal production such as stamping, extrusion and die casting.
The company serves aerospace and defense, automotive, government, medical device and health care, and data center customers, with certifications and compliance frameworks including ISO 9001:2015, ISO 13485:2016, AS9100D, IATF 16949:2016, ITAR, CMMC Level 2 and JCP, and FedRAMP-compliant AWS hosting with FISMA High and DoD Impact Level 5 authorization. Xometry also lists Thomas, an industrial sourcing property with roughly 500,000 manufacturing suppliers listed, among its platforms.
On the supply side, the Xometry Partner Network is free to join with no RFQs, subscriptions or platform fees. Suppliers apply online, must typically produce a test part, and are approved in about 3–15 business days; they are then matched to jobs based on capabilities and certifications and are continuously scored on on-time delivery and quality via a Partner Success Score. Additional supplier tools include the Workcenter application (with a mobile version launched in 2025) and FastPay, an early-payout option offered for a fee.
Founding story
Xometry was founded in 2013 with the stated mission of making the world's manufacturing capacity accessible to all, combining AI technology with a marketplace connecting buyers to skilled suppliers. Co-founder Randy Altschuler served as CEO and described the company as creating an e-commerce experience for both buyers and suppliers of custom manufacturing.
Business model
Xometry acts as an intermediary in transactions between buyers of custom parts and manufacturing suppliers. It sets the price quoted to the buyer and earns the difference between the cost of production paid to the supplier and the price the buyer pays. Suppliers pay no joining, subscription or platform fees, though an optional FastPay early-payout service carries a nominal fee.
Marketplace take on custom-part orders: revenue is generated on the spread between buyer pricing set by Xometry's quoting engine and the cost paid to the manufacturing partner producing the part; an optional supplier FastPay service charges a fee for accelerated payouts.
Traction
The company reports more than 85,000 active buyers worldwide, about 5,000 vetted global suppliers in its Partner Network, 165 million+ parts shipped, more than 1,500 employees, and over $1.5 billion earned by Xometry partners with $1 billion+ of revenue generated for US SMB manufacturers. Quarterly revenue reported on May 7 (fiscal Q1) was $205.14 million, up 35.9% year over year, with EPS of $0.12. Earlier disclosures at the 2020 Series E cited 5,000 manufacturers, 30,000 customers and roughly 350 employees.
Latest developments
Recent activity includes a partnership with Siemens to embed an AI-native supply chain (May 2026), upgrades to Xometry's AI model architecture (July 2026), the launch of the Xometry Foundation and Innovators Program (June 2026) and a Foundation partnership with MxD (July 2026), the appointment of Lukas Biewald to the board (May 2026), and a CEO succession plan announced in February 2026 naming a successor to co-founder Randy Altschuler. Product releases include injection molding auto-quoting and Workcenter Mobile (October 2025) and international expansion of Teamspace (July 2025). Financially, the company reported record quarterly results with revenue of $205.14 million, up 35.9% year over year, and was named to the 2025 Deloitte Technology Fast 500. Institutional investors and hedge funds held 97.31% of the stock, and director Lukas Biewald purchased about $4.0 million of shares in June 2026.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Xometry describes itself as a global leader in the digital transformation of manufacturing, and has been named to the Deloitte Technology Fast 500 for six consecutive years, including the 2025 list. Its 2018 acquisition of MakeTime was described as creating the largest manufacturing partner network in the on-demand manufacturing industry. As of mid-2026 the NASDAQ-listed company had a market capitalization of about $4.3 billion.
Instant, automated quoting from uploaded CAD files with manufacturability feedback; AI-based matching of jobs to pre-vetted, certified suppliers; a single platform spanning prototyping through high-volume production across machining, additive, fabrication, molding and metal processes; certification and compliance coverage for regulated aerospace, defense, medical and government work; and a no-fee supplier model with test-part vetting and continuous performance scoring.
Technology
Core to the platform is the Xometry Instant Quoting Engine, protected by US patents, which prices uploaded CAD files and returns lead times and manufacturability feedback. Proprietary AI is used to match jobs to best-fit partners at scale and to optimize pricing and lead times, with human oversight on complex custom projects; the company announced upgrades to its AI model architecture and features such as predictive risk detection and supplier selection, and injection molding auto-quoting. Supporting products include the Workcenter supplier application (plus Workcenter Mobile) and Teamspace collaboration. Infrastructure includes FedRAMP-compliant AWS hosting with FISMA High and DoD Impact Level 5 authorization.
Go-to-market
Self-service online funnel where buyers upload CAD files for instant quotes and order directly, supplemented by sales-assisted quoting and enterprise programs for large-volume buyers, plus a phone and email inquiry channel. Supplier acquisition runs through a free online application to the Partner Network with regional sites for Europe, the UK, Turkey, Asia and India. The company also markets through trade shows (e.g., IMTS 2026), case studies, podcasts and media appearances, and partnerships such as one with Siemens.
Enterprise buyers and small businesses that need custom mechanical parts, from one-off prototypes to high-volume production. Xometry states it works with 85% of Fortune 500 aerospace and defense companies, 55% of Fortune 500 motor vehicle and parts companies, over 86% of Fortune 500 medical products and equipment companies, and the US Department of War. Named customer examples include BMW, General Electric, SentriLock, Intuitive Machines and Sea Box. The supplier side targets certified machine shops and fabricators (ISO, AS9100, IATF, ITAR, CMMC, JCP).
Geography
Headquartered at 7940 Cessna Avenue, Gaithersburg, Maryland, USA, with a supplier network spanning multiple countries and regional partner operations in Europe, the United Kingdom, Turkey, Asia and India. The company acquired a European on-demand manufacturing marketplace, Shift, and extended its Teamspace collaboration product beyond the US in 2025.
History
Founded in 2013 and launched in 2014, Xometry built a proprietary instant-quoting platform for on-demand parts. It acquired MakeTime in 2018 and later acquired the European on-demand manufacturing marketplace Shift. A $75 million Series E in September 2020 brought total capital raised to $193 million by the company's account. Xometry completed its IPO in June 2021 and trades on NASDAQ as XMTR. In February 2026 the company announced a CEO succession plan under which co-founder Randy Altschuler would exit the CEO role, and in May 2026 it appointed Lukas Biewald to its board. In June 2026 it launched the Xometry Foundation and an Innovators Program.
Risks & controversies
Xometry remained unprofitable in the most recently reported quarter, with a negative net margin of 7.01%, a negative return on equity of 4.37% and a negative price-to-earnings ratio; analysts' consensus rating was "Hold" with an average price target of $84.25 and forecasts of negative EPS for the fiscal year. The stock has been volatile, ranging from $30.63 to $106.08 over 52 weeks. As a marketplace dependent on third-party suppliers and on regulated aerospace, defense and medical work, the business is exposed to supplier performance, certification requirements, tariffs and global supply-chain disruption; insiders sold 80,496 shares worth $7.1 million in a recent 90-day period.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 3
by search overlapCompanies competing with Xometry for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 12
launches, deals, and filingsXometry launched the Xometry Foundation and an Innovators Program; in July 2026 the Foundation announced a partnership with MxD.
Xometry appointed Lukas Biewald to its board of directors. Biewald subsequently purchased 47,058 shares at an average price of $85.00 on June 3, a transaction valued at about $4.0 million.
Xometry announced a partnership with Siemens to embed an AI-native supply chain.
Xometry announced a CEO succession plan under which co-founder Randy Altschuler will step down as CEO, with a successor named.
Xometry earned a spot on the 2025 Deloitte Technology Fast 500; the company states it has appeared on the list for six consecutive years.
Xometry added auto-quoting for injection molding and launched Workcenter Mobile.
Xometry completed its IPO in June 2021; its shares trade on NASDAQ under the ticker XMTR.
Xometry announced a $75 million Series E investment led by T. Rowe Price Associates, with new investors Durable Capital Partners and ArrowMark Partners and existing investors including BMW i Ventures, Greenspring Associates, Dell Technologies Capital, Robert Bosch Venture Capital, Foundry Group, Highland Capital Partners and Almaz Capital. The company said the round brought total raised to $193 million.
$75M source ↗
Coverage referenced Xometry's acquisition of Shift, a European on-demand manufacturing marketplace.
Xometry acquired MakeTime, another on-demand manufacturing company, described as creating the largest manufacturing partner network in the industry.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Xometry Stock And The US Industrial Shift Investors Are Watching - Simply Wall St Newssimplywall.st · Jul 2026▸Research sources · 8
primary sources listed
- Xometryxometry.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Xometry do?
- Xometry runs an AI-powered marketplace matching buyers of custom parts with a vetted global network of manufacturing suppliers.
- Who founded Xometry?
- Xometry was founded by Randy Altschuler in 2013.
- Who are Xometry's investors?
- Xometry's investors include BMW i Ventures, Cherry Ventures, Dell Technologies Capital, Maryland TEDCO, Praxis Ventures Management, Llc, TEDCO, Almaz Capital.
- How much funding has Xometry raised?
- Xometry has disclosed $63.2M raised across 5 of its 6 known rounds.
- Is Xometry publicly traded?
- Yes — Xometry trades on NASDAQ under the ticker XMTR.
- Where is Xometry headquartered?
- Xometry is headquartered in Gaithersburg, US.