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.
Building Custom Guitars Cost-Effectively from Sustainable Materials November 30, 2020 Designing and building unique, custom guitars was the goal for Jonathan “Jay” Miller when he founded Born Custom Guitars.
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.
Digital Foundry Holds Virtual Groundbreaking November 2, 2020 The Digital Foundry at New Kensington, a new 15,044 square-feet innovation and manufacturing lab space that will use cutting-edge technologies to develop future-ready skills and improve business outcomes, has been unveiled.
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.
CGTech and Makino Renew Partnership October 14, 2020 CGTech, the developer of VERICUT software, and Makino Milling Machine Co. Ltd., a leader in CNC machine tools technology, have renewed their strategic corporate partnership to better serve the mutual customer base of the two companies.
Machine Tool Orders Surge in September November 9, 2020 Machine tool orders gained in September as manufacturing recovered from a severe recession.
3D Systems to Sell Cimatron, GibbsCAM November 3, 2020 3D Systems said it has agreed to Cimatron Ltd. and GibbsCAM CNC programming software businesses, to Battery Ventures.
Siemens, Ingersoll Expand Partnership October 27, 2020 Siemens and Ingersoll Machine Tools said they have expanded a digital enterprise partnership.
Caterpillar Profit Falls as Product Demand Drops October 27, 2020 Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.