Xometry Leverages Google Cloud To Accelerate The Digitization Of Manufacturing Globally
09 November 2023 - 11:02PM
Xometry (NASDAQ: XMTR), the global AI-powered marketplace
connecting enterprise buyers with suppliers of manufacturing
services, today announced a partnership with Google Cloud to
leverage Vertex AI to help accelerate the deployment of new
auto-quote methods and models within Xometry’s AI-powered Instant
Quoting Engine.
Using Vertex AI, Xometry will accelerate the deployment of its
instant-quoting and fulfillment capabilities to encompass the
broadest and most comprehensive set of manufacturing technologies.
As a result, Vertex AI will help Xometry expand the markets it
serves for custom manufacturing and further advance the
digitization of manufacturing globally.
Xometry’s two-sided digital marketplace is transforming
manufacturing by digitizing an otherwise manual process that took
weeks, at best, to get from design to production. In expediting the
process, Xometry is helping customers create resilient supply
chains while also empowering manufacturers with digital tools to
significantly grow their businesses.
“Since our inception, Xometry’s two-sided marketplace has
harnessed data and the power of AI to connect buyers and suppliers
in real-time, driving the digitization of industry around the
world,” said Matt Leibel, Xometry’s Chief Technology Officer.
“Google Cloud’s expertise in AI and its Vertex AI platform will
help enable us to get to market even faster with new offerings in
entirely new categories, allowing us to become even more
indispensable to our customers and suppliers globally.”
“Xometry is at the forefront of the AI adoption cycle,” said
Brad Little, VP, Google Cloud. “Our innovative work with Xometry to
power their AI-driven digital marketplace has the potential to
transform custom manufacturing, while seamlessly and efficiently
connecting customers and suppliers globally.”
Xometry’s two-sided marketplace is playing a vital role in the
rapid digital transformation of the manufacturing industry,
connecting enterprise buyers with manufacturers who build the big
ideas that fuel the global economy. Xometry’s proprietary
technology shortens development cycles, drives efficiencies within
corporate environments and helps stabilize supply chains to make
them more resilient. Xometry’s product portfolio includes its
industry leading digital marketplace, popular Thomasnet.com
industrial sourcing platform and cloud-based tools, including
Xometry Teamspace, centralized project management software for
large, mission-critical projects.
About XometryXometry’s (NASDAQ:XMTR) AI-powered
marketplace, popular Thomasnet industrial sourcing platform and
suite of cloud-based services are rapidly digitizing the $2.4
trillion manufacturing industry. Xometry provides manufacturers the
critical resources they need to grow their business and makes it
easy for buyers to access global manufacturing capacity and create
locally resilient supply chains. The Xometry Instant Quoting
Engine® leverages millions of pieces of data to analyze complex
parts quickly and effectively in real-time, match buyers with the
right suppliers globally and provide accurate pricing and lead
times. Through its extensible marketplace, Xometry continuously
scales its offerings, delivering an ever-expanding menu of
manufacturing capabilities. Learn more at www.xometry.com or follow
@xometry.
Media Contacts:Matthew HutchisonVP, Corporate
Communications415-583-2119Matthew.hutchison@xometry.com
Illume PR for Xometryxometry@illumepr.com
Investor Contact:Shawn MilneVP, Investor
Relations240-335-8132shawn.milne@xometry.com
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