Complete List of All AI Companies Under $2 Billion Market Cap

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3. Xometry, Inc. (NASDAQ:XMTR)

Market Capitalization: $1.724 Billion

Number of Hedge Fund Holders: 7

Xometry, Inc. (NASDAQ:XMTR) is an innovative company that leverages artificial intelligence to revolutionize the manufacturing industry. It operates a digital marketplace and offers cloud-based services to assist manufacturers in growing their businesses and to help buyers build efficient, resilient supply chains. One of its key features, the Xometry Instant Quoting Engine, uses vast amounts of data to instantly analyze complex parts, match buyers with appropriate suppliers around the world, and offer accurate pricing and delivery estimates. Additionally, Xometry owns the Thomasnet industrial sourcing platform, further supporting businesses in finding suppliers and managing procurement processes.

Xometry (NASDAQ:XMTR) reported that its AI-driven global custom-manufacturing marketplace now includes over 4,200 active suppliers, a 34% increase, or 780 more suppliers, in the first three quarters of 2024, nearly triple the number since 2021.

The AI-powered marketplace is central to the rapid digital transformation of the manufacturing industry, using proprietary technology to reduce development cycles, improve efficiencies, and build more resilient supply chains. Xometry’s (NASDAQ:XMTR) supplier network spans across all 50 U.S. states and three continents, offering a wide range of manufacturing processes, materials, and finishes.

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