On-demand manufacturing got a big lump of money love with T. Rowe Price leading a $75MM Series E equity round to boost Xometry’s expansion, payment system, and AI-driven on-demand marketplace development. To date, Xometry has had seven multi-million dollar rounds of funding totaling $193MM.
The funding was announced alongside the news that Jim Rallo, former CFO of Liquidity Services, joins the company as Chief Financial Officer.
Has Xometry had good growth? Indeed they have. Since 2015, they’ve seen their revenue double each year through launching their own RFQ Service to acquisitions, including that of Shift, to expand their European market.
Our favorite aspect of Xometry is not only their online quote system, SOLIDWORKS Add-in, or vast supplier network but that they span nearly any manufacturing capability you need for a small job or large, with the finishing and design services to go along. If you haven’t already, check out Xometry here.
