Cory Carpenter
JPMorgan Chase & Co, Research Division

All right. Good morning, good afternoon, everyone. Thanks for joining. Cory Carpenter, Internet analyst at JPMorgan. Pleased to have the full Xometry team with us here today, the outgoing soon-to-be Exec Chair, Randy, the incoming CEO, Sanjeev; and CFO, James. Thanks for joining us.

Randolph Altschuler
Co-Founder, CEO & Director

Thanks, Cory. Great to be here.

Sanjeev Sahni
President

Great to be here.

Cory Carpenter
JPMorgan Chase & Co, Research Division

All right. So I'll sprinkle questions across the group. But to start, I think, Randy, for you, just to level set for everyone on the line in the room, just maybe start off with a high-level overview of the business and the problem that Xometry is solving.

Randolph Altschuler
Co-Founder, CEO & Director

Yes. So Xometry is the leading AI native marketplace for custom manufacturing. So custom manufacturing is a huge industry, hundreds and hundreds of billions of dollars, heavily fragmented with millions of buyers and millions of suppliers, and it's largely been undigitized. So it's been manual and offline.

We created a marketplace to bring together buyers and suppliers, and we use AI to create pricing for both buyers and suppliers and to optimize the match. We -- I co-founded the company in 2013. We've been growing rapidly. JPMorgan helped take us public in 2021, and we had -- things are going great. We had an accelerated growth in our last quarter.