Xometry named in the Deloitte Technology Fast 500 List for its rapid growth
November 27, 2020
Xometry, headquartered in Gaithersburg, Maryland, USA, reports that it has been named in this year’s Deloitte Technology Fast 500 list in North America. The list is an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech and energy tech sectors.
The company finished with an overall ranking of #126 and Xometry states that its appearance in the list recognises its 949% growth from 2016–2019. According to Deloitte, the Technology Fast 500 award recipients are selected based on percentage fiscal year revenue growth from 2016–2019.
Xometry’ explains that its rapid growth has continued in 2020, with the company recently raising $75 million from investors including T. Rowe Price Funds and Durable Capital Partners LP. The company has also been expanding rapidly in Europe, where it began operating after the acquisition of Munich-based Shift in November 2019.
“Xometry continues to grow quickly, even in the midst of COVID-related supply chain disruptions,” stated Randy Altschuler, Xometry’s CEO. “I am proud of our team’s incredible work and would like to thank Deloitte for recognising us on this year’s Fast 500 list. We are honoured to be included along with many companies that, like us, are transforming their respective industries.”