Xometry, Inc. XMTR

Company Overview

Xometry, Inc. is a U.S.-based industrial technology company that operates an AI-enabled manufacturing marketplace connecting buyers of custom-manufactured parts with a global network of manufacturing suppliers. The company primarily serves the industrial, aerospace, defense, medical device, automotive, robotics, consumer products, and energy sectors. Xometry’s platform facilitates sourcing for processes including CNC machining, sheet metal fabrication, injection molding, die casting, urethane casting, 3D printing, and finishing services. The company generates revenue through marketplace transaction fees, supplier services, financial products, and subscription-based software offerings.

The company’s core business lines include its AI-driven manufacturing marketplace and cloud-based sourcing and supplier tools under brands such as Thomasnet, Thomas Industrial Data, and Xometry Europe. Xometry positions itself as a digitally enabled manufacturing procurement platform that emphasizes rapid quoting, broad supplier access, and workflow automation. Founded in 2013 by Randy Altschuler and Laurence Zuriff, the company expanded from a U.S.-focused manufacturing marketplace into an international sourcing and supplier-services platform through acquisitions, platform development, and geographic expansion. Its growth has been supported by increasing adoption of digital procurement tools and distributed manufacturing networks.

Business Operations

Xometry operates primarily through two reportable business activities: its Marketplace business and its supplier-services operations. The Marketplace segment generates the majority of company revenue by connecting enterprise and small-business buyers with manufacturing suppliers that fulfill custom-part orders. The company uses machine learning and proprietary pricing algorithms to provide instant quoting and production matching. Supplier-services offerings include advertising, lead generation, digital marketing, and industrial sourcing tools through the Thomasnet platform, as well as financial services products for manufacturing suppliers.

The company maintains operations across North America and Europe, with expanding international capabilities through Xometry Europe and regional supplier networks. Its technology stack includes AI-based quoting systems, manufacturing workflow software, and procurement automation tools integrated into customer sourcing processes. Key subsidiaries and acquisitions include Thomas Publishing Company, acquired in 2021 to expand industrial search and supplier discovery capabilities, and European marketplace operations built through acquisitions and localized platform investments. Xometry also collaborates with logistics, materials, and manufacturing partners to support production fulfillment and supply-chain coordination.

Strategic Position & Investments

Xometry’s strategic direction centers on expanding its global manufacturing marketplace, increasing enterprise customer penetration, and deepening supplier engagement through software and financial tools. The company has invested heavily in artificial intelligence, pricing automation, and manufacturing data analytics to improve quote accuracy, order matching, and procurement efficiency. Growth initiatives have included expanding into Europe, broadening manufacturing process coverage, and integrating supplier financing and working-capital solutions.

A major strategic investment was the acquisition of Thomas Publishing Company, which added industrial search, supplier discovery, and marketing capabilities to Xometry’s ecosystem. The company has also invested in international marketplace infrastructure and enterprise procurement integrations. Xometry continues to position itself within digital manufacturing, industrial e-commerce, and AI-enabled supply-chain management markets. Public disclosures indicate ongoing investment in software-driven sourcing tools and industrial data services, though some forward-looking initiatives remain subject to evolving market conditions and company execution.

Geographic Footprint

Xometry is headquartered in North Bethesda, Maryland, and operates across North America and Europe through localized marketplace and supplier-network operations. The company serves customers in multiple international markets, including the United States, Germany, United Kingdom, France, Turkey, and other European countries. Its manufacturing network includes suppliers distributed globally, enabling production flexibility and regional sourcing capabilities.

The company’s marketplace model gives it operational reach beyond its physical office locations by leveraging distributed manufacturing partners. Through Xometry Europe and cross-border sourcing capabilities, the company has expanded its international customer base and supplier ecosystem. Its industrial data and sourcing assets also support global procurement visibility for manufacturers and enterprise buyers operating across multiple regions.

Leadership & Governance

Xometry was co-founded by Randy Altschuler and Laurence Zuriff. The company’s leadership strategy has emphasized digital transformation in manufacturing procurement, AI-driven sourcing automation, and expansion of supplier-network capabilities. Management has consistently communicated a focus on scaling the marketplace model, increasing enterprise adoption, and improving manufacturing supply-chain efficiency through software and data integration.

Key executives include:

• Randy Altschuler – Co-Founder and Chief Executive Officer
• Peter Goguen – President
• James Miln – Chief Financial Officer
• Bill Cronin – Chief Revenue Officer
• Byron J. Keesler – Chief Technology Officer
• Nate Heller – Chief Strategy Officer

The company operates under a publicly traded governance structure following its Nasdaq listing under the ticker XMTR. Leadership communications in public filings and investor materials emphasize long-term marketplace expansion, operational scalability, and continued investment in AI-enabled manufacturing technologies.