Xometry

PlatformNorth Bethesda, Maryland, USAFounded 2013· One of 212 Platform companies tracked by AMPulse

AI-powered global marketplace connecting buyers with suppliers of custom manufacturing services including CNC machining, 3D printing, injection molding, and sheet metal fabrication.

CEO / Founder: Sanjeev Singh Sahni (effective July 1, 2026)
Team Size: 1001-5000
Stage: Active
Total Funding: $200M
Latest Round: Post-IPO
Key Investors: Highland Capital Partners, Almaz Capital, GE Ventures, BMW i Ventures, Dell Technologies Capital, T. Rowe Price, Greenspring Associates, Siemens (via SBI GmbH, strategic investment May 2026)

Technology & Products

Key Products

Xometry offers an AI-powered marketplace for on-demand manufacturing services including CNC machining, 3D printing, injection molding, die casting, and sheet metal fabrication. They also provide an instant quoting engine and a global network of manufacturing partners.

Technological Advantage

Leveraging advanced AI for real-time pricing, rapid turnaround, and streamlined production processes.

Differentiation

Value Proposition

Rapid prototyping and production capabilities with a wide range of manufacturing options, powered by an AI-driven platform for quick quotes, optimized production workflows, and competitive pricing.

How They Differentiate

Xometry differentiates through its AI-powered instant quoting engine, global network of 10,000+ manufacturing partners, and integrated platform combining Thomasnet sourcing with custom manufacturing marketplace.

Market & Competition

Target Customers

Engineers, procurement teams, and manufacturers seeking on-demand custom parts through a global network of manufacturing partners, from prototyping to production volumes.

Industry Verticals

Aerospace, Automotive, Consumer Products, Industrial Equipment, Medical Devices

Competitors

Protolabs, Fictiv, Hubs, Fathom, MakerVerse

Growth & Milestones

Growth Metrics

2024 Revenue: $545.53M. Q1 2026 Revenue: $205M (36% YoY growth, marketplace revenue +40% YoY). Q1 2026 Gross Profit: $78.5M (+39% YoY). Q1 2026 Adjusted EBITDA: $10.5M (improved $10.4M YoY). FY2026 guidance raised to 27-28% revenue growth with 20%+ incremental Adjusted EBITDA margins. Achieved Adjusted EBITDA profitability in Q4 2024. Nasdaq: XMTR.

Major Milestones

2013: Founded in North Bethesda, Maryland, 2021 Jun: IPO on Nasdaq (XMTR), 2021: Acquired Thomasnet for industrial sourcing capabilities, 2022: Acquired Tridi (Germany) for European expansion, 2024 Q4: Achieved Adjusted EBITDA profitability, 2025 Q3: Record quarterly revenue of $180.7M with 31% marketplace growth, 2026 Feb: Announced CEO succession - Sanjeev Singh Sahni to become CEO effective July 1, 2026, 2026 May: Siemens invests $50M (via SBI GmbH), strategic partnership to embed Xometry AI into Siemens Xcelerator, 2026 Q1: Record quarterly revenue of $205M, 36% YoY growth, 2026 Jul: Sanjeev Singh Sahni becomes CEO, Randy Altschuler transitions to Executive Chair

Notable Customers

Xometry serves a wide range of customers from university students to startup entrepreneurs and engineers at Fortune 100 companies, across industries like aerospace & defense, healthcare, automotive, consumer goods, industrial, and robotics.

https://www.xometry.com

Recent coverage of Xometry

Why this company matters

AMPulse analysis, not a company disclosure

Xometry occupies a central position in the digital manufacturing ecosystem as an AI-powered marketplace that matches buyers of custom parts with a network of over 10,000 manufacturing partners. Founded in 2013 and headquartered in North Bethesda, Maryland, the company went public on Nasdaq in 2021 and has since expanded through acquisitions including Thomasnet for industrial sourcing and Tridi for European reach. Its platform addresses a longstanding friction in procurement: getting fast, competitive quotes for low-to-mid volume production across multiple process technologies.

The core product is an instant quoting engine that uses machine learning to analyze part geometry, material requirements, and tolerances, then returns a price and lead time in seconds. The platform covers CNC machining, sheet metal fabrication, injection molding, die casting, and multiple additive manufacturing processes including metal LPBF, polymer MJF, polymer FDM, and SLA. For additive specifically, Xometry offers a broad material range from Ti-6Al-4V and Inconel 718 in metal to PEEK and standard photopolymer resins in polymer, making it a one-stop option for engineers evaluating process trade-offs.

Customers span university researchers and startup founders to procurement teams at Fortune 100 companies in aerospace, automotive, medical devices, and industrial equipment. The marketplace model allows Xometry to offer competitive pricing and lead times by routing orders to the best-suited partner facility, while the Thomasnet integration adds a sourcing layer for production-scale needs. Key competitors include Protolabs, Fictiv, Hubs, and MakerVerse, but Xometry differentiates through its AI-driven pricing engine and the scale of its partner network.

Xometry reported Q3 2025 revenue of $180.7 million with 31% year-over-year marketplace growth and achieved adjusted EBITDA profitability in Q4 2024. The company's strategic moat lies in the data network effects of its quoting engine: more orders improve pricing accuracy, which attracts more buyers and partners. The open question is whether the marketplace model can sustain margin discipline as it scales into higher-volume production runs, where direct in-house manufacturing competitors like Protolabs may hold a cost advantage.