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.
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.
The pace of technology today is rapid, with the potential to transform manufacturing. Digitization, automation, and connectivity are opening many new doors on the production floor.
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.
Difficult materials and high-speed machining don’t just present problems for cutting tools. They can also push toolholders to their limits—and beyond. So manufacturers offer a variety of products designed to get the toolholding job done under extreme machining conditions.
Vision AI software company Neurala announced a new strategic partnership with global manufacturing leader IMA Group.
Before Industry 4.0, it didn’t matter that the CAM software didn’t talk to the ERP system, or that the CNC machine tools were mute. Islands of information were acceptable back then.
The Italian Trade Agency via its North American Offices is producing a 2020,Volume XIII edition of its Machines Italia magazine, highlighting solutions provided by Italian companies to a North American audience.
Detroit-based LIFT said it has received $1 milion to retrain civilian manufacturing workers affected by the COVID-19 pandemic.
