Xometry Software Purchases and Digital Transformation Initiatives

Discover the latest software purchases and digital transformation initiatives being undertaken by Xometry and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 788 Xometry employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that Xometry has purchased the following applications: Infor CloudSuite Industrial (Syteline) for Manufacturing ERP in 2017, Sage Intacct for ERP Financial in 2020, Hubspot CRM for CRM in 2018 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems Xometry is running and its propensity to invest more and deepen its relationship with Infor , Sage , HubSpot or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

We have been analyzing Xometry revenues, which have grown to $218.0 million in 2023, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Xometry intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.

About the Customer

Xometry, recently voted one of the "DC's Coolest Companies," brings together manufacturing and technology to provide 24/7 access to instant pricing, expected lead time and manufacturability feedback on custom parts for engineers and designers across the U.S. Xometry’s online quoting portal and nationwide network of hundreds of partner manufacturing facilities guarantees consistently fast lead times while offering a broad array of capabilities, including CNC Machining, 3D Printing, Injection Molding, Sheet Metal and Casting.

Scope and Challenges

Xometry, an on-demand manufacturing platform, has decided to implement Infor CloudSuite Industrial. Built on highly flexible, scalable architecture, the software is designed to help customers increase agility and alignment with the fast-changing industry. The solution can also be used to help provide a foundation for more advanced operations, strategic analytics, and growth. 

Founded in 2014, Xometry developed a software platform to enable product designers and engineers to upload 3D files and receive instant prices, expected lead times and manufacturability feedback across a wide range of manufacturing technologies. Xometry then utilizes a network of 1,100 small and medium manufacturers to produce and deliver the needed parts. The manufacturers receive notifications about jobs that fit their capabilities, and they are able to accept the work. It's like a matching service for product designers and custom manufacturers. 

Outcome and Implications

Over the last year, Xometry has experienced rapid growth, as the new concept has proven useful to the manufacturers using the service. The network of 100 manufactures has grown to over 1,100 - serving over 10,000 customers seeking suppliers, including BMW and General Electric. As the company attempted to cope with the rapid growth, Xometry realized it needed to invest in a third-party solution that could help them more efficiently scale and manage a large amount of small orders.

The Infor Cloudsuite Industrial Solution offers Xometry an end-to-end solution for greater network visibility. It also provides more modern functionality, like contextual analytics and collaboration tools designed to help with customer service.

Quotes

"We needed a solution that worked with our proprietary software to help keep up with orders and customer requests, taking the needs of small job shop requirements and scaling through technology. The Infor solution should allow us to build upon our business and is the best-suited to meet the current requirements of our internal operations. With Cloudsuite Industrial we expect to be better able to focus on growth, which can allow us to add significant transactional volume in existing manufacturing technologies and more easily supports the addition of future Xometry technology offerings." - said Peter Goguen, Executive Vice President at Xometry.

"We are very pleased to help Xometry manage their internal operations so they can focus on their growth and customers. Cloudsuite Industrial's capabilities can be used to help Xometry shorten cycle times and more easily manage product configurations for advanced functionality. Backed by decades of practical applications, CloudSuite Industrial is designed to help bring more modern technology to use, which can help Xometry streamline their processes and improve efficiency, giving the workforce more time to engage with customers and innovation. Xometry is dedicated to keeping more manufacturing in America by providing an innovative way for customers to more easily work with facilities across the country, and we are excited for the opportunity to work with them." - said Nick Castellina, Industry and Solution Strategy Director at Infor.