Xometry IncNASDAQ XMTR Stock Report

Xometry, Inc. is an artificial intelligence (AI)-enabled digital manufacturing marketplace. The Company enables buyers across industries to source an array of manufacturing processes to meet their needs. The Company’s platform is powered by machine learning algorithms and a dataset, resulting in a sophisticated marketplace for manufacturing. The buyers can procure the products they want on demand and sellers can source new manufacturing opportunities that match their specific processes and capacity. The buyers can upload an engineering schematic on its platform, which contains three-dimensional design specifications. Then, the Company prices the transactions through its AI-enabled instant quoting engine based on factors, such as volume, manufacturing process, material and location. The Company's buyers include engineers, product designers, procurement and supply chain personnel, inventors and business owners from businesses of a variety of sizes, ranging from self-funded start-ups.