Xometry Simplifies Custom Manufacturing Supply Chain, Launches Xometry Supplies

Xometry, the largest online marketplace for custom manufacturing, announced today the launch of Xometry Supplies. Xometry will help its 2,500 manufacturing partners simplify their supply chain by providing relevant materials, tools and industrial supplies when they accept jobs.

“Xometry Supplies is a natural extension of our efforts to provide our partners with both jobs and lower prices for their materials and tools,” said Xometry’s Co-Founder and CEO Randy Altschuler. “Ultimately our AI-driven algorithms will offer what our partners need when they need it, helping reduce not only cost but lead time. We will use these algorithms to make it easier and faster for manufacturers to get competitive pricing and fast delivery from one place, so they can focus on making high quality parts for customers.”

To support this new business line, Xometry has established a materials logistics hub in Lexington, KY and acquired Machine Tool & Supply of Jackson, TN, a leading regional tool supplier with 30+ years of operational experience to accelerate its go-to market effort for tooling and industrial supplies.

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Pre-Sale Home Renovation Company Curbio Inc. Furthers Nationwide Expansion with Atlanta Launch

Curbio Inc., a rapidly expanding company that specializes in pre-sale home renovations, today announced that it will begin operations in the Atlanta metro area in February. The Maryland-based company will host a launch party for journalists and top producing listing agents at the rooftop of Atlanta’s Hotel Clermont from 4:30-6:30 pm on Thursday, January 17th.

Curbio focuses exclusively on preparing homes to be listed for sale. A full-service home improvement specialist, the company offers the complete spectrum of interior and exterior services. Venture-capital backed Curbio’s unique “Renovate Now, Pay When You Sell” model simplifies home selling by deferring all renovation costs until settlement.

“Everyone at Curbio is thrilled to have the opportunity to partner with Atlanta realtors to grow their businesses and deliver maximum ROI to their sellers,” said Rick Rudman, Curbio’s president and CEO. “As in the other markets we serve, Curbio looks forward to bringing hassle-free pre-sale home renovation to Atlanta realtors and their clients.”

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How Tech Is Easing Returns for Retailers

Now that holiday gifts have been bought, given and received, retailers brace themselves for returns. It’s turning into a big problem, as many returned items never make it back to store shelves but to landfill. A number of companies are developing tech to tackle the issue. Bloomberg’s Emma Chandra speaks with Tobin Moore, chief executive officer of Optoro.

Watch the interview here.


Personal Genome Diagnostics and KingMed Enter Strategic Partnership to make Comprehensive Genomic Tissue Panel with TMB available in China and Hong Kong

Personal Genome Diagnostics Inc. (PGDx), a leader in cancer genomics, and KingMed Diagnostics, a laboratory services leader in China, announced today that they have entered into a strategic partnership for the PGDx elioTM tissue complete assay. KingMed Diagnostics brings substantial patient reach, encompassing 37 laboratories covering more than 21,000 hospitals and clinics. This partnership provides PGDx and KingMed Diagnostics the opportunity to serve the clinical trial screening needs of pharmaceutical partners in the Asian market through testing sites in mainland China and Hong Kong. In time and as a result of contributing data from these studies, the partners expect to also serve the clinical testing needs of patients and
physicians in those geographies upon the appropriate regulatory approvals of the PGDx elioTM assays.

The PGDx elio™ tissue complete panel is a 500+ gene test for somatic alterations that detects single nucleotide variants (SNVs), small insertion/deletions (indels), amplifications, rearrangements, microsatellite instability (MSI) and tumor mutational burden (TMB). The use of TMB and MSI for the identification of cancer patients whose tumors may be likely to respond to immune checkpoint inhibitor therapy has recently been investigated in clinical trials (TMB) and approved (MSI) by the U.S. Food and Drug Administration (FDA).

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Blue Cross, Aledade team up to support independent practices in North Carolina through ACOs

A health plan and a startup company are pairing up to support independent primary care physicians in North Carolina.

Blue Cross and Blue Shield of North Carolina and Aledade, a well-funded startup that partners with primary care physicians to build and lead accountable care organizations (ACOs), are joining to launch a new initiative that will support hundreds of independently owned and operated primary care physician clinics in the state, according to an announcement Wednesday.

Doctors will be encouraged to join ACOs through which they can earn enhanced reimbursement rates and share in a portion of cost savings generated from the improved quality of care, the two organizations said.

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iLearningEngines, Ranked Number 7 Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500

Deloitte has announced that iLearningEngines ranked 7th on Deloitte’s Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. iLearningEngines also ranked #1 in the Greater Washington DC area for the second straight year. iLearningEngines previously ranked #14 as a Technology Fast 500™ award winner for 2017.

“iLearningEngines’ Learning and AI platform and its ability to drive desired outcomes at massive scale has strongly resonated with enterprises. Our growth rate continues to accelerate as enterprises are rapidly adopting iLearningEngines for mission-critical training,” said Harish Chidambaran, President and CEO.

“iLearningEngines is a category defining company that is transforming the way people learn and engage with expert content. iLearningEngines is well-positioned to continue its rapid growth globally. We are proud to be an investor in the business and partner with an exceptional Maryland based entrepreneur, Harish Chidambaran and his team,” said Parag Sheth, Director at the Maryland Venture Fund.

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Shiji Completes Acquisition of StayNTouch

Shiji has today announced it has acquired StayNTouch, Inc. The addition of StayNTouch’s innovative and cloud-based hotel management tools to Shiji’s growing hotel technology stack will enable both StayNTouch and Shiji customers to seamlessly integrate across multiple hotels and travel technology systems.

Shiji is a leader in global hotel technology, at the core of all hotel and travel technology is the seamless and secure exchange of data across systems. Continuing the strategy of innovation through development or acquisitions and integrations. Shiji sees StayNTouch as an important part of making hotel management technology mobile and scalable for hotels of all sizes.

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Maryland Venture Fund and TEDCO’s Seed Fund Hire New Business Development Associate

The Maryland Venture Fund (MVF) and TEDCO Seed Fund today announced that Bill Collier has joined their team as a Business Development Associate. Bill’s addition to the team supports the funds’ focus on finding entrepreneurs that build great companies in the region.

“Bill will play an important role in seeking opportunities and stewarding the resources needed to help entrepreneurs bring new concepts to market,” said Andy Jones, managing director of MVF. “His experience and passion align with our goals, and we are confident that he will help us find entrepreneurs with exciting ideas to invest in.”

As a lifelong resident of the D.C. Metro Area, Bill is passionate about bringing the region’s innovative concepts to market. Prior to joining MVF, Bill worked at GE Digital in the Accelerated Leadership Program—GE’s premiere leadership development and training program. In his most recent role, he helped build the processes and technology stack for the global customer success organization. He currently serves as an advisory board member for Maryland-founded startup, Grey Matter USA, and previously worked at the Chevy Chase-based startup, WeddingWire.

Bill earned his MBA, with a focus on Strategic Marketing and Finance, and his B.A. in Environmental Studies and Geography from George Washington University.

MVF is a sector and stage agnostic venture fund dedicated to growing the next generation of exceptional businesses in Maryland. With three pools of capital and $135 million in assets under management, MVF partners with entrepreneurs to build high-growth companies that last and thrive.

 


Xometry Announces Acquisition of MakeTime, Adds Additional $25MM in Funding to Fuel Growth

Xometry, the largest on-demand manufacturing platform, announced that it has acquired MakeTime, another leading on-demand manufacturing company. This acquisition brings together the country’s two top manufacturing network platforms. The combined company will operate under the Xometry brand name and have offices in Maryland and Kentucky.

The acquisition will allow Xometry to grow its national partner network of manufacturers from 1,100 to over 2,300 while gaining MakeTime’s enterprise product expertise and features including their Autodesk Fusion add-in and Shop Advantage program. Drura Parrish, MakeTime Founder and CEO, will join Xometry as Executive Vice President for Platform.

Foundry Group, one of MakeTime’s investors, will lead a new $25MM round of funding for the newly combined company. Almaz Capital, BMW i Ventures, GE Ventures, Highland Capital Partners and Maryland Venture Fund will also contribute to the round.  Xometry has now raised a total to date of $63MM.

 

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