Xometry Announces $75 Million Equity Round Led by T. Rowe Price Funds September 10, 2020 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.
NCDMM Announces Organizational Restructuring August 14, 2020 The National Center for Defense Manufacturing and Machining (NCDMM) announced on August 13 the restructuring of its organizational operations to include a new holding company and a subsidiary/sister company to support its long-term growth strategy within the global advanced manufacturing industry.
Manufacturing at a ‘Tipping Point’ to Diversify Beyond China July 21, 2020 Manufacturing’s supply chain is approaching a “tipping point” of diversifying beyond China, consulting firm PwC said in a report.
Machines Italia Issues Call for Submissions June 17, 2020 The Italian Trade Agency via its North American Offices is producing a 2020 edition of its Machines Italia magazine, highlighting solutions provided by Italian companies to a North American audience.
Reshoring Operations in the Age of COVID-19: Part Two November 5, 2020 In March 2020, the World Health Organization (WHO) officially declared the novel coronavirus (COVID-19) outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic (North American-based) brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
Neurala Announces Strategic Partnership with IMA Group October 20, 2020 Vision AI software company Neurala announced a new strategic partnership with global manufacturing leader IMA Group.
Connecting the Dots in Manufacturing July 28, 2020 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.
Machines Italia 2020 Magazine to be Published July 28, 2020 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.
LIFT Receives $1M to Retrain Manufacturing Workers in Response to COVID-19 July 8, 2020 Detroit-based LIFT said it has received $1 milion to retrain civilian manufacturing workers affected by the COVID-19 pandemic.
Machine Tool Orders Surge in September November 9, 2020 Machine tool orders gained in September as manufacturing recovered from a severe recession.