xTool
Designs and manufactures desktop laser cutters, engravers, and digital fabrication tools for makers, small businesses, and educators, offering a range of CO2, diode, fiber, and UV laser machines.
- CEO / Founder
- Jasen Wang
- Team Size
- 501-1000
- Stage
- Growth Stage
- Total Funding
- $281M
- Latest Round
- Series D
- Key Investors
- Gaocheng Capital; Tencent Holdings; CICC ALPHA; QC Investment; CAA Evolution; Sequoia Capital
Technology & Products
Key Products
xTool F2 Ultra (metal marking and engraving); xTool M2 (color printing, engraving, and laser cutting); xTool MetalFab (laser welding, CNC laser cutting, laser cleaning, and metal engraving); xTool D1 Pro (diode laser engraver); xTool F1 (portable laser engraver); xTool P3 (CO2 laser); xTool S1 (diode laser); xTool Creative Space (software)
Technological Advantage
xTool's advantage lies in its brand recognition and comprehensive product ecosystem within the desktop laser market. The company leverages its parent company Makeblock's experience in the maker space. Its IP is likely a mix of design and software, but specific patents are not publicly detailed. The moat is moderate, as competitors like Glowforge and OMTech offer similar products, but xTool's broad product range and community support provide some differentiation.
Differentiation
Value Proposition
Provides accessible, high-performance laser cutting and engraving tools that enable users to create custom products, prototypes, and small series in-house, reducing reliance on outsourcing and lowering production costs.
How They Differentiate
xTool differentiates through a wider product portfolio (diode, CO2, fiber, UV lasers) and a strong focus on software integration and community building, compared to competitors like Glowforge (CO2 focus) and OMTech (CO2 focus).
Market & Competition
Target Customers
DIY enthusiasts, small businesses, educators, and makerspaces
Industry Verticals
Consumer; Education; Small Business; Manufacturing
Competitors
Glowforge; OMTech; LaserPecker; Atomstack; Sculpfun
Growth & Milestones
Growth Metrics
Revenue of CNY 2.476 billion (2024); 350+ demo rooms across 65 countries; 474M+ impressions at US office launch
Major Milestones
2021: xTool brand launched; 2025: Opened US headquarters in Mountain View, California; 2025: Launched xTool F2 Ultra and MetalFab; 2026: xTool M2 available in 30 Micro Center stores
Notable Customers
David Picciuto; Jeannine; Josh (AnglingAI.com); Michael Roeder (@Monkey Woodworks); Mike Smerka (Diode Designs LLC)