Siemens Invests $50M in Xometry as Part of Strategic Partnership

Why It Matters

The partnership with Siemens expands Xometry’s addressable market and embeds its AI‑driven sourcing directly into global design workflows, accelerating revenue and margin expansion. Strong financial momentum demonstrates the scalability of its AI‑native marketplace in a fragmented custom manufacturing sector.

Key Takeaways

• Revenue $205M, 36% year‑over‑year increase.
• Marketplace revenue $191M, 40% YoY growth.
• Adjusted EBITDA $10.5M, up $10.4M YoY.
• Active buyers 85,581, 20% increase YoY.
• Siemens invests $50M, embeds Xometry AI into Xcelerator.

Pulse Analysis

Xometry’s Q1 performance underscores the power of an AI‑native marketplace in a traditionally offline industry. Revenue accelerated to $205 million, propelled by a 40% jump in marketplace sales and a 20% rise in active buyers. The company’s operating leverage improved as expenses grew slower than top‑line, delivering adjusted EBITDA of $10.5 million and free cash flow of $4.8 million, positioning it for sustained profitability.

The newly announced Siemens partnership is a strategic inflection point. By embedding Xometry’s pricing and sourcing intelligence into Siemens Xcelerator, the platform reaches a global engineering audience at the design stage, reducing friction and shortening sales cycles. Siemens’ $50 million equity stake not only validates Xometry’s technology but also creates a pipeline for cross‑selling, potentially boosting buyer acquisition without proportional marketing spend. This integration could accelerate market penetration across both industrial and commercial segments.

Looking ahead, Xometry’s roadmap emphasizes AI model enhancements and product innovations such as the expanded instant quoting engine and the Name Your Part feature. Larger training datasets and new material options improve lead‑time predictions and conversion rates, reinforcing the company’s competitive moat. With guidance targeting 32‑33% revenue growth in Q2 and a full‑year outlook of 27‑28% growth, the firm is poised to capitalize on its expanding supplier network and the broader digital transformation of custom manufacturing.

Deal Summary

Xometry announced a strategic partnership with Siemens, which includes integrating Xometry’s AI capabilities into Siemens Xcelerator and a $50 million equity investment by Siemens in Xometry’s Class A common stock. The deal was disclosed on May 7 2026, marking a corporate venture investment that strengthens Xometry’s AI‑native marketplace and expands its reach in the manufacturing sector.