Xometry Announces $75 Million Equity Round Led by T. Rowe Price Funds September 10, 2020 Xometry, an on-demand manufacturing marketplace, announced that it has completed an $75 million equity round, led by funds and accounts advised by T. Rowe Price Associates Inc. Durable Capital Partners LP and ArrowMark Partners.
TITANS of CNC and Haimer USA Join Forces September 11, 2020 Haimer USA LLC has announced a new partnership with TITANS of CNC, an organization that uplifts students, educators and the manufacturing workforce in over 170 countries worldwide.
July U.S. Cutting Tool Orders Fall September 17, 2020 July U.S. cutting tool consumption fell bo both a monthly and a year-over-year basis, according to a monthly report.
Secretary of the Air Force Unveils New “eSeries” Classification September 17, 2020 A new way of procuring systems, recognizing the Department’s digital future, and industry’s ability to deliver digital twins.
Kennametal Introduces Flat Bottom Geometry for KenTIP FS September 9, 2020 New replaceable drill tip saves tooling costs and eliminates process steps
Machine Tool Processes Depend on Creative Enablers July 30, 2020 It is fair to say that IMTS, virtual or otherwise, presents the ultimate manufacturing tool box, where shops can find the newest, most innovative and proven devices for holding, moving, cutting, bending and inspecting workpieces.
View Marketing as an Investment—Not an Expense September 29, 2020 Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”
ROKiT MADE to Build Largest e-Bike Factory in the United States October 19, 2020 ROKiT MADE, is building what it calls the largest e-bike manufacturing facility in the United States. ROKiT MADE’s campus, called the “ORB,” is slated to open in 2021. ROKiT MADE has committed the necessary funds to building the infrastructure and ORB campus and plans to merge with a SPAC.
Weymouth and Bial join Xometry Board of Directors October 14, 2020 Xometry, the on-demand manufacturing marketplace, announced that Katharine Weymouth and Deborah Bial will join Xometry's Board of Directors as independent directors.
Manufacturing Expansion Eases in September October 1, 2020 Manufacturing economic expansion eased in September while remaining at strong levels overall, the Institute for Supply Management said today.
