Xometry Business Summary

Xometry, Inc. (XMTR) operates a high-growth, AI-native marketplace that digitizes the global manufacturing industry by connecting enterprise buyers with a distributed network of over 5,000 active suppliers. The company generates revenue through two primary segments: the Marketplace, which earns a transactional margin on custom-manufactured parts such as CNC machining, 3D printing, and injection molding, and Supplier Services, which includes subscription-based advertising on the Thomasnet platform and SaaS tools like Workcenter. In fiscal year 2025, Xometry reported total revenue of $687 million, driven by a 30% year-over-year surge in marketplace activity and a record 81,821 active buyers. Within the competitive landscape, Xometry competes directly with Protolabs (PRLB), Fictiv, and Hubs; it distinguishes itself through an asset-light, platform-centric model that offers greater scalability and a broader range of manufacturing processes than traditional, asset-heavy competitors. The company was co-founded by CEO Randy Altschuler and Laurence Zuriff, both serial entrepreneurs with significant pedigrees in scaling technology-driven services; Altschuler previously co-founded CloudBlue and OfficeTiger. As of March 2026, Xometry is executing a strategic leadership transition: Altschuler is slated to become Executive Chair on July 1, 2026, with current President Sanjeev Singh Sahni—a former Wayfair executive who joined in early 2025—set to succeed him as CEO. The executive team is further bolstered by CFO James Miln, formerly of Yelp and eBay, and CTO Matt Leibel. Xometry’s board is chaired by Fabio Rosati, the former CEO of Upwork, and the company has historically attracted high-profile backing from institutional investors such as T. Rowe Price and Bill Gates’ Breakthrough Energy Ventures.