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.
Manufacturers who have deployed the digital or smart factory have put down their pencils, found new uses for their clipboards and closed their spreadsheet programs in favor of using real-time data gleaned from condition monitoring of their machinery.
In my capacity as the Chair of the Council of the Manufacturing USA institute directors, I often get asked about trends in U.S. advanced manufacturing.
This is a digest of news items focusing on how manufacturers are aiding the global response to the COVID-19 pandemic.
A cultural shift is occurring within the healthcare industry, radically transforming the way we view medical needs. Technology is driving this alteration as a transformative enabler to meeting the patient’s healthcare priorities through pioneering technological methods.
General Motors Co.’s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories.
The institutes that make up Manufacturing USA need to move at the speed of business, considering that the endeavor represents the U.S. government’s biggest investment in the digitization of manufacturing to date.
Information technology and operations technology are unlikely candidates for a successful marriage. But to ensure that manufacturers thrive in the digital age, OT and IT must find ways to work together—or to at least, as on Tinder, swipe right to indicate interest.
I experienced the end of the Third Industrial Revolution as I began my career in manufacturing. Closed government and private networks gave way to an open network called the Internet.
When designers at Siemens started using virtual reality (VR) to quickly evaluate early-stage ideas, the usually slow and costly design-and-iteration process went from days and hours to minutes.