Xometry Inc., a Gaithersburg, Md.-based advanced-manufacturing company, received $8.8m in funding.
The round was led by Highland Capital Partners with participation from existing investors. In conjunction with the financing, Sean Dalton of Highland Capital Partners will join the company’s board of directors.
The company will use funds to accelerate ongoing R&D efforts and bring its proprietary software to new markets and clients.
Led by Randy Altschuler, CEO, and Laurence Zuriff, CFO, Xometry provides advanced manufacturing solutions integrating professional 3D printing, CNC machining, and proprietary technology to build parts and prototypes on-demand. Their web interface enables customers of all sizes — from Fortune 100 companies to startups — to upload a 3D computer-aided design (CAD) file, and get automated, instant quotes for their parts.
The company offers on-demand services with capabilities including Direct Metal Laser Sintering (DMLS), Selective Laser Sintering (SLS), Fused Deposition Modeling (FDM), and PolyJet 3D.
Xometry serves a customer base of more than 1,200 companies including blue-chip names such as General Electric, Lockheed Martin, Medtronic, MIT Lincoln Lab, NASA, Samsung, Stryker and the US Army.
FinSMEs
05/11/2015