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.
Solid-carbide round tools have seemingly been around forever; before them, high-speed steel (HSS) tools ruled the roost, and after them a growing selection of alternative processes like indexables, EDM, waterjet and now additive manufacturing emerged as competition.
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.
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.
BIG Kaiser Precision Tooling has promoted Jack Burley to President/Chief Operating Officer, effective January 1, 2021. Chris Kaiser, BIG Kaiser President and CEO for 30 years, will take on the role of Executive Advisor.
Factory safety is not a theoretical issue for Gabe Glynn, CEO of the wearable tech firm MākuSafe.
So you’ve heard all sorts of good things about Swiss-style, sliding headstock CNC lathes and have been thinking about investing in one.
COVID-19 vividly underscores the vulnerability of global manufacturing operations and supply chains. The disruption in our supply chains will hamper manufacturing for months and perhaps years. As we reopen and rebuild our economy, we must focus on sustainable manufacturing operations that are pandemic adaptive, resilient, and secure.
Originally marketed for their proficiency in heavy metal removal applications while delivering longer tool life and multi-point efficiency, turning inserts have grown more sophisticated in response to advances in materials, machines, methods, and even social factors.
