Business

Xometry acquires MakeTime, raises $25 million in funding round

Xometry,,,,an on-demand manufacturing platform based in Maryland, has acquired fellow manufacturing platform based in Kentucky,MakeTime。Xometry也宣布了a new funding round of $25 million.

With plans to establish what is said to be the industry’s largest distributed on-demand manufacturing networking platform, this new merger, which will operate under the Xometry brand name, will consist of over 2,300 manufacturing partners and 10,000 customers.

Maketime的首席执行官兼创始人,Xometry联合平台的新执行副总裁Drura Parrish说:“我们俩都在建立制造业的未来。”

“Now we will be able to offer small and medium-sized manufacturers access to more jobs, more opportunities for growth and advanced products to power their businesses.”

The online Xometry platform. Photo via Make Parts Fast.
The online Xometry platform. Photo via Make Parts Fast.

扩大制造网络

Founded in 2013, Xometry has built a varied customer base through its proprietary software platform which provides product designers and engineers with the most efficient solutions in sourcing high-quality custom parts.

上个月,Xometry推出了theXometry Instant引用引擎3.0– a price quoting system for manufacturing processes such as CNC Machining, Sheet Metal Fabrication, 3D Printing, and Urethane Casting.

Within this new platform, Xometry will now incorporate MakeTime’s product expertise and featured software into its new platform. This includes anAutodesk Fusion360加入和商店优势计划 - 免费网络详细详细介绍有关切割工具,软件,计算机设备和制造设备融资机会的特别优惠。Xometry的联合创始人兼首席执行官Randy Altschuler表示:

“We’re thrilled to combine Xometry’s online manufacturing platform with MakeTime’s proven success in building a distributed network of over 1,000 manufacturers.”

“此次收购将通过该行业最大的分布式制造网络以及增强的产品功能为我们的客户提供大量容量。”

Investments in the platform

Colorado-based venture capitalist firm,Foundry Group也是Maketime's的投资者,是新的2500万美元资金的领导者。

Additionally, existing investors马里兰州风险基金,,,,Almaz Capital,,,,宝马我冒险,,,,GE Ventures,,,,andHighland Capital Partnersparticipated in the round.

投资者有此前,在2017年6月贡献了1500万美元的资金回合。Xometry now received total funding of $63 million.

“We are thrilled to help Xometry capture greater share of the $80+ billion on-demand manufacturing marketplace,” said Seth Levine, Managing Director of Foundry Group who will be joining Xometry’s Board of Directors.

“通过将Maketime的互补技术和合作伙伴网络结合到Xometry的网络,我们可以加速平台开发和收入增长,从而使我们的客户和网络合作伙伴受益。

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特色图片显示3D打印组件。图像通过Xometry。