Xometry Updates Process Recommender To Its AI-Powered Instant Quoting Engine
05 Diciembre 2023 - 7:43AM
Xometry (NASDAQ:XMTR), the global AI-powered
tech marketplace connecting enterprise buyers with suppliers of
manufacturing services, today announced an updated process
recommender to its AI-powered Instant Quoting Engine, expanding
coverage of manufacturing processes and improving accuracy.
As CAD files are uploaded to the Xometry marketplace, the new
process recommender instantly analyzes the geometric features of
the file, identifies the most appropriate manufacturing process for
the customer, and configures their quote. The new recommender is
also trained to assess a customer’s specific quote and order
history, ensuring the best match for the buyer.
“Xometry is continuously deploying new machine learning models
within its AI-powered Instant Quoting Engine for the benefit of
both buyers and suppliers on our two-sided marketplace,” said
Brendan Sterne, Chief Product Officer at Xometry. “Given the
expansion of manufacturing processes supported by the Xometry
marketplace, the updated process recommender is an important
component to make it easier to match customer parts with the right
manufacturing process. This helps engineers bring their
custom-manufacturing projects to market faster.”
The new process recommender will analyze customer CAD files, and
suggest the best process for the part, from processes including CNC
machining, Injection Molding, Sheet Cutting, Die-Casting, Extrusion
(plastic and metal), Stamping, 3D Printing and more. Xometry’s
two-sided digital marketplace is transforming manufacturing with
innovative AI and machine-learning technologies that are rapidly
digitizing processes that once took weeks to get from design to
production. The deployment of new instant-quoting and fulfillment
capabilities enables Xometry to offer an ever-expanding menu of
manufacturing technologies.
The new process recommender was developed in-house by Xometry
and reflects the company’s ongoing commitment to the development
and deployment of new auto-quote methods and models. Last month, in
a separate move, Xometry announced a partnership with Google Cloud
to leverage Google’s Vertex AI to help accelerate the deployment of
new methods and models.
Xometry’s two-sided marketplace plays a vital role in the rapid
digital transformation of the manufacturing industry. Xometry’s
proprietary technology shortens development cycles, drives
efficiencies within corporate environments and helps companies
create resilient supply chains. Xometry’s product portfolio
includes: its industry leading digital marketplace; popular
Thomasnet.com® industrial sourcing platform, and cloud-based tools,
including Xometry Teamspace, centralized project management
software for large, mission-critical projects.
About XometryXometry’s (NASDAQ:XMTR) AI-powered
marketplace, popular Thomasnet industrial sourcing platform and
suite of cloud-based services are rapidly digitizing the $2.4
trillion manufacturing industry. Xometry provides manufacturers the
critical resources they need to grow their business and makes it
easy for buyers to create locally resilient supply chains. The
Xometry Instant Quoting Engine® leverages millions of pieces of
data to analyze complex parts in real-time, matches buyers with the
right suppliers globally, and provides accurate pricing and lead
times. Learn more at www.xometry.com or follow @xometry.
Media Contacts:IllumePR for
XometryIllume@Xometry.com
Matthew HutchisonVP, Global Corporate
CommunicationsMatthew.Hutchison@Xometry.com
Investor Contact:Shawn MilneVP, Investor
Relations240-335-8132Shawn.Milne@Xometry.com
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