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.
Today’s job shops can distinguish themselves from competitors by adding deep hole drilling/gundrilling to their offerings. But complex, custom-built machines require more floor space and a bigger investment.
In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
In August, Rob Sullivan had an installation scheduled for two of his autonomous mobile robots at the Deutsche Post DHL Group’s Innovation Center in Troisdorf, Germany.
NASA landed another rover on Mars in February, thanks in part to the work and leadership of Adam Steltzner. Smart Manufacturing interviewed him shortly thereafter—just as he got off the phone with U.S. President Joe Biden.
Going into this year, economic improvement was forecast for manufacturing after a sluggish second half of 2019. Things weren’t expected to boom, but a solid economic year was supposed to be in the offing.
SME discussed with David Olson of Verisurf the growing importance of Model-Based Definition and the use of standard formats by small and medium sized manufacturers.
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.
Xometry, the on-demand manufacturing marketplace, announced that Katharine Weymouth and Deborah Bial will join Xometry's Board of Directors as independent directors.
Five-axis machining, once a novel and somewhat forbidding technology, has become routine in many shops. Meanwhile, some organizations are still hesitant to use it, largely due to programming concerns.
