Arcam AB fka AMAVF

[charlie T colton]

Xometry Secures Investment from GE Ventures

GE investing in a supply chain software company. “We created a marketplace by creating price clarity where none existed”

Xometry Secures Investment from GE Ventures - February 01, 2017

The introduction:

GAITHERSBURG, Md.--(BUSINESS WIRE)--Xometry, the leading on-demand manufacturing marketplace, has secured new funding from GE Ventures and existing investors, including Highland Capital Partners, to reach a total of $23 million raised.

The infusion of capital will allow Xometry to accelerate investment in its software platform powering its market-leading manufacturing partner network.

“We created a marketplace by creating price clarity where none existed,” said Randy Altschuler, co-founder and CEO of Xometry. “We thought if you can buy groceries and order a car off the internet, then why not custom parts? Xometry is now home to the fastest-growing software driven marketplace of manufacturers. We can now accelerate our investment to meet more of our customer’s needs.”

Xometry’s nationwide network of manufacturing partners fulfill orders placed through the company’s highly popular online platform, which instantly provides pricing, lead times and manufacturability feedback. The easy to use e-commerce platform overhauls a previously time-intensive and inefficient process. It does this by connecting small to medium sized manufacturers (SME), a $50 billion plus market at the heart of the American manufacturing sector, to customers in key American industries, including aerospace, automotive, defense, medical, technology and telecommunications.

Here, Xometry acts as the network orchestrator, enabling engineers and designers to connect with highly–vetted manufacturers who can produce quality parts. Before, the supply chain was fragmented, with manufacturers and customers mismatched on capabilities and needs. Now ordering custom parts is as easy as uploading a 3D file and placing your order. Xometry, much like ride-sharing apps, will then connect customers to manufacturers with available capacity around the country.



Xometry Doesn't list EBM as one of the technology options available. I'll check back occasionally to see if that changes. This would seem like an ideal company for GE to drive Arcam and Concept Laser machine sales.

The website has information about an Xometry Partner Network of manufacturing shops external to their own capabilities. There's also a Facebook Xometry Partner Network page.