Xometry has received USD8.8 million in funding led by Highland Capital Partners with participation from existing investors. The company will use funds to fuel ongoing R&D efforts and bring its best-in-class, proprietary software to new markets and clients.
In conjunction with the financing, Sean Dalton of Highland Capital Partners will join the company’s board of directors. Dalton, a general partner at Highland, has extensive experience in guiding and growing technology companies to market leading positions. Dalton joins Randy Altschuler, Xometry co-founder and CEO, Xometry co-founder and CFO Laurence Zuriff, former CIA Director John Deutch, and George Hornig on Xometry’s Board of Directors.
“With proprietary technology that increases the rate and efficiency of production we have attracted more than 1,200 companies to our diverse customer base,” says Randy Altschuler, Xometry’s CEO and co-founder. “We are very pleased Highland has recognised the extensive growth opportunities Xometry offers.”
“We could not be more excited about our investment in Xometry. With its customer focus, rapid growth trajectory, and disruptive go-to market strategy they are poised to revolutionize low-volume manufacturing,” says Sean Dalton of Highland. “Xometry has many of the characteristics we saw in another Highland manufacturing success story, VistaPrint.
