Image Credits: Prasit photo (opens in a new window)/ Getty Images

Xometry, a Maryland-based service that connects companies with manufacturers with excess production capacity around the world, filed an S-1 form with the U.S. Securities and Exchange Commission last week announcing its intent to become a public company.

As the global supply chain tightened during the pandemic in 2020, a company that helped find excess manufacturing capacity was likely in high demand.

But growth aside, it’s clear that Xometry is no modern software business, at least from a revenue-quality profile.

News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are purchasing Seattle-based network security startup ExtraHop.

Part of the Network Detection and Response (NDR) market, ExtraHop’s security solutions are for companies that manage assets in the cloud and on-site, “something that could be useful as more companies find themselves in that in-between state,” report Ron Miller and Alex Wilhelm.

Just one year ago, ExtraHop was closing in on $100 million in ARR and was considering an IPO, so Ron and Alex spoke to ExtraHop CTO and co-founder Jesse Rothstein to learn more about how (and why) the deal came together.

Have a great week, and thanks for reading!

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

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Network security startup ExtraHop skips and jumps to $900M exit

Xometry is taking its excess manufacturing capacity business public

Image Credits: Prasit photo (opens in a new window)/ Getty Images

Xometry, a Maryland-based service that connects companies with manufacturers with excess production capacity around the world, filed an S-1 form with the U.S. Securities and Exchange Commission last week announcing its intent to become a public company.

As the …read more

Source:: TechCrunch – Startups

      

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