Xometry appoints Katharine Weymouth, former Publisher and CEO of Washington Post, and Deborah Bial, to its Board of Directors
We love writing about our home state tech startup, Xometry. Since founded 7 years ago, the Gaithersburg, Maryland-based Xometry has grown to become the world’s largest on-demand manufacturing marketplace. Late last year, the Maryland-based acquired Munich-based Shift, the largest On-Demand manufacturing marketplace in Europe, to expand its footprint in Europe. As a sign of continued growth, Xometry announced today that Katharine Weymouth and Deborah Bial will join Xometry’s Board of Directors as independent directors.
As veterans of digital media, B2B marketplaces, and education, Weymouth and Bial bring strong expertise and insights to help propel Xometry’s growth. Just last month, Xometry closed a $75 million equity round led by T. Rowe Price Funds. Since its 2013 inception, Xometry has raised $193 million in total funding.
“Xometry uses its patented AI technology to change how manufacturing is procured and delivered through digital channels,” said Randy Altschuler, CEO of Xometry. “We’re thrilled to add Katharine and Deborah’s expertise and perspective to our board as we broaden our focus and deliver new innovations to strengthen the manufacturing ecosystem.”
Katharine Weymouth is COO of DineXpert, a marketplace connecting independent restaurants with high-quality local suppliers. She previously held numerous leadership positions at The Washington Post, including Publisher and Chief Executive Officer from 2008 through 2014. Weymouth sits on the boards of directors of Republic Services, Cable One, Inc., and Graham Holdings Co. She also serves as a trustee of the Philip L. Graham Fund, as Vice President-Nominating of The Economic Club of Washington, D.C., and as a trustee for the Greater Washington Community Foundation. Weymouth graduated from Harvard University and earned her law degree from Stanford University.
“Xometry is transforming the $260B global custom manufacturing market by providing the technology to optimize the connection between supply and demand,” said Weymouth. “I look forward to helping them lead the secular shift to digital manufacturing while providing small and medium-sized manufacturers the tools they need to grow their businesses.”
Founded in 2013 by Laurence Zuriff and Randy Altschuler, Xometry is the largest marketplace for custom manufacturing, connecting customers with optimal manufacturing solutions through proprietary AI algorithms. Xometry provides on-demand manufacturing and industrial supply materials to a diverse customer base, ranging from startups to Fortune 100 companies. Our nationwide network of over 3,000 partner manufacturing facilities enables us to maintain consistently fast lead times while offering a broad array of capabilities, including CNC Machining, 3D Printing, Sheet Metal Fabrication, Injection Molding, Die Casting, Stamping, Extrusion, and Urethane Casting. Xometry’s customers include BMW, Bosch, Dell Technologies, General Electric, and NASA.