xometry

Xometry raises $50 million for on-demand parts marketplace

Xometry, the largest on-demand manufacturing marketplace, has raised $50m in equity funding, led by Greenspring Associates.

The new funding will back efforts to build a platform connecting suppliers to businesses that need prototypes and small runs of parts.

Dell Technologies Capital will also participate in the round, along with all previous venture and strategic investors including BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital. Xometry has raised a total of $113m to date.

Xometry gives away 3D scanners in online competition

On-demand manufacturing company Xometry is giving away a couple of 3D scanners in a competition which runs until August 15th.

To enter the competition, all you have to do is upload a 3D CAD file to Xometry’s Instant Quoting Engine.

The first prize is an EinScan-SP 3D scanner, which has a retail price of around $2,200. The second prize is an EinScan-SE 3D scanner, which retails for approximately $1,300. Third prize is a 3DConnexion SpaceMouse Wireless Kit, worth $200.

Winners will be chosen through “sweepstakes”, says the company.

Xometry recently acquired MakeTime, which has “doubled” its network capacity to more than 2,300 shops.

It also raised $25 million in additional funding to expand the overall operation.

Xometry acquires MakeTime and raises $25 million in additional funding

Xometry, which claims to be the largest on-demand manufacturing platform, has acquired MakeTime, another leading on-demand manufacturing company.

Both are well-known providers of 3D printing services.

This acquisition brings together two of the country’s top manufacturing network platforms. The combined company will operate under the Xometry brand name and have offices in Maryland and Kentucky.

The acquisition will allow Xometry to grow its national partner network of manufacturers from 1,100 to over 2,300 while gaining MakeTime’s enterprise product expertise and features including their Autodesk Fusion add-in and Shop Advantage program. [Read more…] about Xometry acquires MakeTime and raises $25 million in additional funding

BMW and General Electric invest in Xometry manufacturing marketplace

An online marketplace which offers custom-manufactured parts using 3D printing and machine learning to generate instant price quotes has raised $15 million in its latest funding round.

Relatively new startup company Xometry – which rhymes with geometry and is pronounced zometry – has raised a total of $38 million since it was established in 2013.

The company already generates approximately $20 million in annual revenue and has hundreds of providers and more than 5,000 customers. [Read more…] about BMW and General Electric invest in Xometry manufacturing marketplace