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A digital manufacturing marketplace that connects buyers with production capacity for prototypes and manufactured parts.

Last updated August 21, 2026

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Nov 4, 2026
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Nov 4, 2026

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Overview

Xometry is a United States-based digital manufacturing marketplace focused on sourcing custom parts for prototyping and production. Its business connects engineers, designers, procurement teams, and other buyers with a distributed network of manufacturing suppliers. Customers can upload computer-aided design files and receive automated estimates based on variables such as material, geometry, quantity, manufacturing method, location, and delivery requirements. The company combines this quoting capability with supplier matching, order management, quality processes, logistics, and procurement software. The company was founded in 2013 as NextLine Manufacturing Corp. by Randy Altschuler and Laurence Zuriff. It adopted the Xometry name in 2015. Its central technology is an instant-quoting engine intended to reduce the time and friction traditionally involved in requesting manufacturing quotations. Rather than operating primarily as a conventional factory, Xometry coordinates work across independent and partner manufacturing businesses, allowing customers to obtain capacity for one-off parts, prototypes, and larger production runs through a unified platform. Xometry supports a broad range of processes, including computer numerical control machining, additive manufacturing and 3D printing, injection molding, urethane casting, die casting, and fabrication of sheet metal and pipe. Its customers come from sectors such as aerospace and defense, automotive, healthcare, consumer products, industrial equipment, and other engineered-product industries. The platform has also been integrated into design and engineering workflows, including Autodesk Inventor and Autodesk Fusion environments, enabling users to seek manufacturing estimates without leaving familiar design tools. The company expanded through both geographic development and acquisitions. It acquired MakeTime in 2018, Machine Tool & Supply in 2019, and Munich-based Shift later in 2019, helping establish its European presence. In 2021 it acquired Thomas, a business-to-business industrial sourcing platform with a large supplier and buyer network. Xometry subsequently developed localized services across Europe, the United Kingdom, Australia, China, and broader Asia. The marketplace is described as operating in multiple languages and currencies and as serving tens of thousands of buyers through thousands of active suppliers. Xometry became a public company on Nasdaq in June 2021 under the ticker XMTR. The initial public offering raised approximately $300 million, according to the cited reference material, and the company has continued positioning itself as a technology-enabled alternative to fragmented industrial procurement. Its software offering has expanded beyond quoting to include cloud-based collaboration, order visibility, supplier access, and team-oriented procurement workflows. In 2023 the company introduced a collaborative dashboard, and in 2024 it integrated Teamspace to support collaboration around orders. Xometry’s brand positioning rests on speed, breadth of manufacturing access, software-driven quoting, and the ability to scale from early prototypes to repeat production. Its marketplace model gives buyers access to external manufacturing capacity while giving suppliers an additional channel for commercial orders. The model also exposes the company to the operational complexity of quality assurance, supplier coordination, delivery performance, and demand fluctuations. Xometry remains an active public company headquartered in North Bethesda, Maryland.

History

Xometry began in 2013 as NextLine Manufacturing Corp., founded by Randy Altschuler and Laurence Zuriff to improve the procurement of custom and on-demand manufactured parts. The company’s initial proposition was to use software to turn a buyer’s design data into a rapid manufacturing quote and then route the order to an appropriate production supplier. It renamed itself Xometry in 2015. Its instant-quoting technology became the foundation of the business. The system evaluates design and order characteristics, including volume, material, location, and production method, to estimate price and manufacturing feasibility. This approach sought to replace lengthy, fragmented quotation processes with a digital workflow that could cover both prototypes and larger production requirements. Early investors included BMW, General Electric, and Highland Capital Partners. Xometry expanded its network and service range during the late 2010s. In 2017 Fabio Rosati joined the board. In 2018 the company acquired MakeTime, a Lexington-based manufacturing platform. In January 2019 it acquired Machine Tool & Supply of Jackson, Tennessee, enabling the launch of Xometry Supplies for cutting tools, metal, and related manufacturing products. Later in 2019, Xometry acquired Shift, a Munich-based manufacturing marketplace, and rebranded the acquired European activity as Xometry Europe. The company reported rapid growth between 2018 and 2020 and developed a customer base that included major industrial and technology organizations such as BMW, NASA, Bosch, Dell, and General Electric. It was also listed among the Deloitte Technology Fast 500 from 2020 onward, according to the cited reference. Xometry expanded its software integrations during this period, including an Autodesk Fusion app introduced in March 2021. Xometry went public on June 29, 2021, listing on Nasdaq under XMTR. Before the offering, the company reported more than six million component transactions, over 43,000 buyers, and approximately 5,000 sellers on its platform. The cited reference states that the IPO raised about $300 million and that the company’s market capitalization at the offering was approximately $3.7 billion. The listing marked a transition from venture-backed marketplace growth to operation as a public technology and manufacturing-services company. In December 2021 Xometry acquired Thomas, a business-to-business industrial sourcing platform with a large directory and network of commercial and industrial suppliers. The transaction broadened Xometry’s access to industrial buyers and suppliers beyond its original custom-parts marketplace. In 2022 the company continued expanding in Europe and launched Xometry Asia. It moved its headquarters to North Bethesda, Maryland, in December of that year. Xometry’s later development has emphasized collaboration and procurement software in addition to quotation and supplier matching. In 2023 it added a cloud-based collaborative dashboard, and in 2024 it integrated Teamspace to help teams coordinate orders. The company also added an English-language site for Asia in 2024. Governance changed during this period: Laurence Zuriff left the board in 2024, while Fabio Rosati became board chair in 2023 after previously serving on the board. The cited reference identifies Sanjeev Singh Sahni as succeeding Randy Altschuler as chief executive in July 2026; because that date is future-dated relative to many historical accounts, the current executive status should be independently verified. Today Xometry operates as a marketplace and software business serving buyers that need CNC machining, additive manufacturing, injection molding, casting, and metal fabrication. Its international model combines a network of manufacturing suppliers with localized platforms and digital procurement tools. The company’s principal strategic challenge is coordinating quality, capacity, pricing, delivery, and compliance across a distributed supply base while preserving the speed and convenience promised by its software-driven marketplace.

  • 2024

    Teamspace integrated

    [1]

    Teamspace was added to support team collaboration around manufacturing orders.

  • 2023

    Collaborative dashboard introduced

    [1]

    Xometry added cloud-based tools for collaboration and order management.

  • 2022

    Xometry Asia launched

    [1]

    Xometry broadened its international operations with an Asia-focused marketplace.

  • 2022

    Headquarters moved to North Bethesda

    [1]

    The company relocated its headquarters to North Bethesda, Maryland.

  • 2021

    Autodesk Fusion app introduced

    [1]

    The company introduced a manufacturing quotation integration for Autodesk Fusion.

  • 2021

    Initial public offering

    [1]

    Xometry began trading on Nasdaq under the ticker XMTR.

  • 2021

    Acquisition of Thomas

    [1]

    The acquisition expanded Xometry’s industrial sourcing network and buyer reach.

  • 2019

    Expansion into supplies and Europe

    [1]

    Xometry acquired Machine Tool & Supply and Shift, supporting Xometry Supplies and Xometry Europe.

  • 2018

    Acquisition of MakeTime

    [1]

    Xometry acquired MakeTime, expanding its manufacturing marketplace capabilities.

  • 2015

    Company adopts the Xometry name

    [1]

    NextLine Manufacturing Corp. changed its name to Xometry as its marketplace model developed.

Products and positioning

A software-enabled industrial procurement and manufacturing marketplace serving the path from prototype to production.

  • Manufacturing software

    Xometry Instant Quoting Engine

    Xometry’s core quoting system analyzes uploaded CAD designs and order requirements to estimate manufacturing cost and feasibility. It considers factors such as geometry, material, volume, manufacturing process, and location. The engine is designed to provide rapid feedback and connect the resulting order with suitable production capacity.

  • Manufacturing services · 2013

    On-demand manufacturing marketplace

    The marketplace connects buyers with independent and partner manufacturers for custom parts. It covers prototyping and production work across CNC machining, additive manufacturing, injection molding, urethane casting, die casting, and sheet-metal and pipe fabrication.

  • Industrial supplies · 2019

    Xometry Supplies

    Xometry Supplies extends the company’s marketplace model into manufacturing inputs and equipment-related products. It was developed following the acquisition of Machine Tool & Supply and includes offerings such as cutting tools, metal, and other supplies used by manufacturers.

  • Collaboration software · 2024

    Xometry Teamspace

    Teamspace is a collaborative workflow capability integrated into Xometry’s digital environment. It is intended to help teams coordinate manufacturing orders, share information, and manage procurement activity in a common cloud-based workspace.

Brand decisions

  • 2023

    Expand from quoting into collaborative procurementStrategy

    Background

    Manufacturing buyers increasingly required shared visibility and coordination across engineering, procurement, and production teams.

    Action taken

    Xometry introduced a cloud-based collaborative dashboard and later integrated Teamspace.

    Aftermath

    The platform’s role expanded from quote generation and supplier matching toward broader order and team workflow management.

    Source

  • 2021

    Pursue a public listingOther

    Background

    Xometry had expanded its buyer and supplier network and developed a substantial digital manufacturing operation.

    Action taken

    The company completed an initial public offering and began trading on Nasdaq as XMTR.

    Aftermath

    Xometry became a publicly traded manufacturing-technology company.

    IPO proceeds. Approximately $300 million raised (June 29, 2021)

    Source

  • 2021

    Acquire ThomasM&A

    Background

    Xometry sought to expand beyond custom-part ordering and reach a broader industrial sourcing audience.

    Action taken

    It acquired Thomas, a business-to-business industrial sourcing platform.

    Aftermath

    The transaction added a large supplier directory and industrial buyer network to Xometry’s ecosystem.

    Source

  • 2015

    Adopt the Xometry brandStrategy

    Background

    The company was developing a broader digital marketplace for custom manufacturing after beginning as NextLine Manufacturing Corp.

    Action taken

    It changed its corporate and operating name to Xometry.

    Aftermath

    The Xometry name became associated with its instant-quoting and supplier-matching marketplace.

    Source

Recent events

  • Reported

    Xometry launches version 2.0 of its Autodesk Fusion 360 app[3]

    Xometry announced the launch of version 2.0 of its app for Autodesk Fusion 360. The updated app adds manufacturability feedback and multiple-part uploads.

  • Unconfirmed

    Xometry files registration statement for proposed IPO[4]

    Xometry announced that it had filed a Form S-1 registration statement with the SEC for a proposed initial public offering of its Class A common stock; the share count and price range had not yet been determined.

  • Reported

    Xometry and Autodesk collaborate on Fusion 360 integration[5]

    Xometry and Autodesk announced a collaboration integrating Xometry's manufacturing capabilities with Autodesk Fusion 360; the announcement also describes exclusive discounts offered by both parties.

  • Reported

    Xometry launches Autodesk Fusion 360 app[5]

    Xometry announced the launch of an app for Autodesk Fusion 360 that lets users obtain instant pricing and lead-time information without leaving the platform.

  • Reported

    Jim Rallo joins Xometry as CFO[6]

    Xometry announced that Jim Rallo had joined the company as Chief Financial Officer.

  • Reported

    Xometry completes $75 million equity round[6]

    Xometry announced that it had completed a $75 million equity funding round led by funds and accounts advised by T. Rowe Price Associates, with Durable Capital Partners and ArrowMark Partners also participating.

  • Reported

    Xometry partners with Dot Neutral on carbon offsets[7]

    Xometry announced a partnership with Dot Neutral under which each package shipped from Xometry or a Xometry Manufacturing Partner would be matched with investment in a carbon emission offset initiative.

  • Unconfirmed

    Reported

    Xometry acquires Shift[8]

    Xometry acquired Shift, a Munich-based on-demand manufacturing marketplace in Europe. Shift will operate as Xometry Europe and remain headquartered in Munich, Germany.

Read more

Sources12 sources

  1. 1Xometryen.wikipedia.org
  2. 2Xometry official websitexometry.com
  3. 3Xometry 推出 Autodesk Fusion 360 应用 2.0 版azom.com
  4. 4Xometry为拟议首次公开募股提交注册声明itbusinessnet.com
  5. 5Xometry与Autodesk合作推出Fusion 360集成prnewswire.com
  6. 6Jim Rallo出任Xometry首席财务官prnewswire.com
  7. 7Xometry 与 Dot Neutral 合作开展碳抵消prnewswire.com
  8. 8Xometry收购Shiftengineering.com
  9. 9Xometry acquires European on-demand manufacturing marketplace Shiftfinance.yahoo.com
  10. 10Xometry Acquires Largest On-Demand Manufacturing Company in Europethomasnet.com
  11. 11Xometry Announces Carbon Offset Programdc.citybuzz.co
  12. 12Xometry Announces Carbon Offset Programpollutiononline.com

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