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Xometry, Inc.
Xometry runs an online marketplace that connects people who need custom-made parts with the factories that can make them, using AI to quote prices instantly.
Xometry is an online marketplace for custom manufacturing. If you are an engineer who needs a few hundred machined metal brackets, or a startup that needs a batch of 3D-printed plastic parts, you upload your design files to Xometry's website. Within seconds, its software reads the drawings and gives you a price and a delivery date. You place the order, and Xometry hands the job to one of the thousands of factories in its network, which actually makes the part and ships it to you. Xometry is the matchmaker and the software layer in the middle, not the factory itself.
The problem it solves is that getting custom parts made has traditionally been a slow, annoying process. You email a drawing to a machine shop, wait days for a quote, negotiate, and hope the shop has capacity. Xometry's software automates the quoting, which is the tedious part, and spreads orders across a big network of shops so capacity is rarely the bottleneck. Customers pay for the part, and Xometry keeps a cut of each order while paying the supplier the rest. Buyers choose it for speed and convenience; suppliers join to keep their machines busy with work they would otherwise have to chase. The company is based in North Bethesda, Maryland, and it earns money in two main ways. Its core marketplace takes a commission on orders it routes to suppliers. It also sells software and services to larger manufacturers, helping them manage their own supply chains and procurement. That second piece matters because big industrial companies are stickier customers than one-off buyers, and Xometry has been pushing to grow there. It also runs Thomasnet, a directory that helps buyers find suppliers, which it picked up through its 2021 acquisition of Thomas.
Xometry is a small company in a giant market. The custom manufacturing world is enormous and still mostly runs on phone calls, fax machines, and email, so the room to grow is real. The catch is that the business is not yet reliably profitable, and it has gone through rounds of cost-cutting as it tries to grow without burning too much cash. Rivals include other online manufacturing marketplaces and, more broadly, the thousands of traditional machine shops it is trying to organize. Whether Xometry can turn its instant-quote software into a durable, money-making toll road on the world's custom parts trade is the central question for investors.
Saved answer · last researched 14 Nov 2026