Xometry Unveils Instant Pricing, Lead Time Offerings For Tube Cutting, Tube Bending
Xometry, the global AI-powered manufacturing marketplace, is beta-testing laser tube cutting and tube bending capabilities through its AI-powered platform. Leveraging Google Cloud's Vertex AI, Xometry aims to accelerate the deployment of new auto-quote methods and models, offering instant pricing and lead times for both tube cutting and tube bending. This expansion is expected to make Xometry one of the first digital marketplaces to provide such comprehensive instant quoting for these processes.
The new offerings, set to roll out later this quarter, will utilize Xometry's extensive supplier network of industrial tube manufacturing. This development aligns with Xometry's mission to digitize manufacturing globally and provide buyers with the tools needed to produce parts and create resilient supply chains efficiently.
Xometry, il marketplace globale per la produzione potenziato dall'IA, sta testando in beta le capacità di taglio laser dei tubi e di piegatura dei tubi attraverso la sua piattaforma alimentata dall'IA. Sfruttando Vertex AI di Google Cloud, Xometry mira ad accelerare l'implementazione di nuovi metodi e modelli di auto-preventivazione, offrendo prezzi e tempi di consegna immediati sia per il taglio che per la piegatura dei tubi. Questa espansione dovrebbe rendere Xometry uno dei primi marketplace digitali a fornire una quotazione istantanea così completa per questi processi.
I nuovi servizi, previsti per essere lanciati entro la fine di questo trimestre, utilizzeranno l'ampia rete di fornitori di produzione industriale di tubi di Xometry. Questo sviluppo è in linea con la missione di Xometry di digitalizzare la produzione a livello globale e fornire agli acquirenti gli strumenti necessari per produrre parti e creare catene di approvvigionamento resilienti in modo efficiente.
Xometry, el marketplace global de fabricación impulsado por IA, está probando en beta las capacidades de corte láser de tubos y doblado de tubos a través de su plataforma impulsada por IA. Aprovechando Vertex AI de Google Cloud, Xometry busca acelerar el despliegue de nuevos métodos y modelos de auto-presupuestos, ofreciendo precios y tiempos de entrega instantáneos tanto para el corte como para el doblado de tubos. Se espera que esta expansión convierta a Xometry en uno de los primeros marketplaces digitales en ofrecer cotizaciones instantáneas tan completas para estos procesos.
Las nuevas ofertas, que se lanzarán a finales de este trimestre, utilizarán la extensa red de proveedores de fabricación de tubos industriales de Xometry. Este desarrollo está en línea con la misión de Xometry de digitalizar la fabricación a nivel global y proporcionar a los compradores las herramientas necesarias para producir piezas y crear cadenas de suministro resilientes de manera eficiente.
Xometry는 AI 기반의 글로벌 제조 마켓플레이스로서 레이저 튜브 절단 및 튜브 구부리기 기능을 베타 테스트 중입니다. Google Cloud의 Vertex AI를 활용하여 Xometry는 새로운 자동 견적 방법과 모델의 배치를 가속화하고, 튜브 절단 및 튜브 구부리기에 대한 즉각적인 가격과 납기를 제공합니다. 이 확장은 Xometry를 이러한 공정에 대한 포괄적인 즉각 견적을 제공하는 최초의 디지털 마켓플레이스 중 하나로 만들 것으로 기대됩니다.
이번 분기 후반에 출시될 새로운 서비스는 Xometry의 방대한 산업 튜브 제조 공급업체 네트워크를 활용합니다. 이 개발은 Xometry의 글로벌 제조 디지털화 미션과 일치하며, 구매자들이 부품을 생산하고 효율적으로 강력한 공급망을 구축할 수 있는 도구를 제공합니다.
Xometry, la marketplace mondiale de fabrication alimentée par l'IA, est en train de tester en version bêta des capacités de découpe au laser de tubes et de cintrage de tubes via sa plateforme alimentée par l'IA. En s'appuyant sur Vertex AI de Google Cloud, Xometry vise à accélérer le déploiement de nouvelles méthodes et modèles d'auto-devis, offrant des prix instantanés et des délais de livraison pour la découpe et le cintrage de tubes. Cette expansion devrait faire de Xometry l'une des premières marketplaces numériques à fournir un devis instantané aussi complet pour ces processus.
Les nouvelles offres, qui devraient être lancées d'ici la fin de ce trimestre, tireront parti du vaste réseau de fournisseurs de fabrication de tubes industriels de Xometry. Ce développement est en accord avec la mission de Xometry de numériser la fabrication à l'échelle mondiale et de fournir aux acheteurs les outils nécessaires pour produire des pièces et créer des chaînes d'approvisionnement résilientes de manière efficace.
Xometry, der globale KI-basierte Fertigungsmarktplatz, testet zur Zeit in der Beta-Phase die Laser-Rohrschneid- und Rohrbiegungsfunktionen über seine KI-gestützte Plattform. Mithilfe von Vertex AI von Google Cloud möchte Xometry die Einführung neuer Selbstpreisbildungs-Methoden und -Modelle beschleunigen und sofortige Preise und Lieferzeiten für Rohrschneid- und Rohrbiegungsprozesse anbieten. Diese Erweiterung soll Xometry zu einem der ersten digitalen Marktplätze machen, die solch umfassende Sofortangebote für diese Prozesse bereitstellen.
Die neuen Angebote, die Ende dieses Quartals umgesetzt werden sollen, nutzen das umfangreiche Netzwerk von Lieferanten für die industrielle Rohrproduktion von Xometry. Diese Entwicklung steht im Einklang mit Xometrys Mission, die Fertigung weltweit zu digitalisieren und den Käufern die notwendigen Werkzeuge zu bieten, um Teile effizient herzustellen und widerstandsfähige Lieferketten zu schaffen.
- Beta-testing of laser tube cutting and tube bending capabilities
- Partnership with Google Cloud to leverage Vertex AI for accelerated deployment of auto-quote methods
- Expected to be one of the first marketplaces offering instant quoting for both tube cutting and tube bending
- Expansion of marketplace offerings to digitize manufacturing globally
- None.
Insights
Xometry's integration of Google Cloud Vertex AI for instant quoting in tube cutting and bending is a significant technological leap in the manufacturing industry. This AI-powered system can revolutionize how buyers interact with suppliers, potentially reducing quote times from days to seconds. The ability to provide instant pricing and lead times for complex processes like tube cutting and bending demonstrates the advanced capabilities of machine learning in handling intricate manufacturing variables.
However, the success of this system will depend on its accuracy and reliability. If the AI models can consistently provide accurate quotes, it could streamline the entire procurement process, giving Xometry a competitive edge. Yet, there's always a risk of pricing errors or unforeseen complications that the AI might not account for, which could lead to disputes or losses if not carefully managed.
Xometry's move to offer instant quoting for tube cutting and bending could be a game-changer in the industrial marketplace. By potentially being the first to offer this service, Xometry is positioning itself as an innovator in the digital manufacturing space. This could attract more buyers to their platform, increasing market share and transaction volume.
The integration with Google Cloud Vertex AI also signals Xometry's commitment to cutting-edge technology, which could appeal to tech-savvy clients and potentially open doors to new market segments. However, the success of this initiative will largely depend on the adoption rate among buyers and suppliers. If the system proves reliable and efficient, it could set a new industry standard, forcing competitors to catch up or risk losing market share.
While the financial impact of this development isn't immediately quantifiable, it has the potential to significantly boost Xometry's operational efficiency and profitability. By automating the quoting process for complex manufacturing services, Xometry could reduce overhead costs associated with manual quote generation and potentially increase its transaction volume.
Moreover, being a first-mover in offering instant quoting for tube cutting and bending could give Xometry a competitive advantage, potentially leading to increased market share and revenue growth. However, investors should also consider the costs associated with implementing and maintaining this AI system. The partnership with Google Cloud likely involves significant investment and the return on this investment will depend on the system's performance and market reception.
- Leveraging Google Cloud Vertex AI, Xometry Accelerates Deployment Of Instant Quoting Methods And Models Within Its AI Powered Marketplace
- New Tube Cutting And Tube Bending Options Give Buyers Instant Pricing, Lead Times From Xometry’s Extensive Network Of Suppliers
- Xometry Is Expected To Become One of The First Digital Marketplaces To Offer Instant Quoting For Both Tube-Cutting And Tube Bending
NORTH BETHESDA, Md., Aug. 12, 2024 (GLOBE NEWSWIRE) -- Xometry, the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today announced it is beta-testing laser tube cutting and tube bending capabilities through its AI-powered marketplace.
Through its partnership with Google Cloud and Google Cloud Consulting experts, Xometry is leveraging Vertex AI to accelerate the deployment of new auto-quote methods and models on its digital manufacturing marketplace. The new tube cutting and tube manufacturing processes will offer buyers instant pricing and lead times through Xometry’s extensive supplier network of industrial tube manufacturing.
When the new offerings are rolled out later this quarter, Xometry is expected to be one of the first marketplaces to offer instant-quoting and lead times for both tube cutting and tube bending.
“Xometry is rapidly expanding its marketplace offerings as part of its mission to digitize manufacturing globally and give buyers the instant pricing and lead times they need to produce their parts and create resilient supply chains,” said Matt Leibel, Xometry’s Chief Technology Officer. “Leveraging Vertex AI, we’re able to accelerate the pace at which we develop and bring to market new auto-quote methods and models that benefit both our buyers and our extensive network of suppliers.”
“Xometry is showcasing the transformative power of AI in the manufacturing sector,” said Lee Moore, VP, Global Google Cloud Consulting, Google Cloud. “By leveraging Google Cloud’s advanced technology and consulting expertise, Xometry is accelerating innovation and building a more agile manufacturing ecosystem.”
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® industrial sourcing platform, and cloud-based tools, including Xometry Teamspace, centralized project management software for large, mission-critical projects.
About Xometry
Xometry’s (NASDAQ:XMTR) AI-powered marketplace, popular Thomasnet® industrial sourcing platform and suite of cloud-based services are rapidly digitizing the 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:
Matthew Hutchison
Global Corporate Communications
Matthew.Hutchison@xometry.com
IllumePR for Xometry
Xometry@Illumepr.com
Investor Contact:
Shawn Milne
Investor Relations
240-335-8132
Shawn.Milne@xometry.com
FAQ
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