Xometry Appoints Subir Dutt As Chief Sales Officer

Rhea-AI Summary

Xometry, an AI-powered marketplace for custom manufacturing services, has appointed Subir Dutt as its new Chief Sales Officer, effective May 15, 2024. Dutt, with extensive sales leadership experience at Google, Oracle, and CapGemini, will succeed Kathy Mayerhofer. At Google Cloud, Dutt achieved triple-digit revenue growth as head of mid-Atlantic enterprise sales. CEO Randy Altschuler praised Dutt's expertise in AI and cloud services, which aligns with Xometry’s focus on digital transformation in manufacturing. Mayerhofer will assist Dutt in the transition, ensuring continuity. Under Mayerhofer, Xometry’s revenue grew from $17 million in 2017 to $463 million in 2023.

Positive

• Appointment of Subir Dutt as Chief Sales Officer, bringing extensive experience from Google, Oracle, and CapGemini.
• Subir Dutt's proven track record of driving triple-digit revenue growth at Google Cloud.
• Alignment of Dutt's expertise in AI and cloud services with Xometry’s strategic focus.
• Significant revenue growth under outgoing CSO Kathy Mayerhofer, from $17 million in 2017 to $463 million in 2023.
• Dutt's experience in leading high-performing sales teams across multiple sectors and regions.

Negative

• Transition of leadership poses potential risks despite planned continuity measures.
• Departure of a key executive, Kathy Mayerhofer, who significantly contributed to the company’s growth.

• Brings Extensive Enterprise Sales Experience With Leadership Positions At Google, Oracle and CapGemini
• Expert In AI, Cloud Services And Transformational Technologies To Help Clients Accelerate Their Digital Journeys
• Succeeds Kathy Mayerhofer, Who Will Work With Dutt To Ensure A Seamless Transition
  

NORTH BETHESDA, Md., May 15, 2024 (GLOBE NEWSWIRE) -- Xometry, the global AI-powered marketplace that connects buyers with suppliers of custom manufacturing services, today announced the appointment of Subir Dutt as the company’s new Chief Sales Officer.

A widely respected enterprise sales leader for Google, Oracle and CapGemini, Dutt brings considerable expertise leading high-performing sales teams across North America, Europe and Asia. He most recently served as head of mid-Atlantic enterprise sales for Google Cloud, where he and his team drove significant, triple-digit increases in annual revenue. Dutt succeeds Kathy Mayerhofer, who announced she is stepping away to pursue outside activities.

“Subir brings significant experience leading high-performing, high-growth sales teams that cater to large enterprise customers across nearly every sector,” said Randy Altschuler, CEO of Xometry. “Subir is an expert in AI and cloud-based services, matching our own company’s offerings, and he innately understands the manufacturing world, having earned his bachelor's and master's degrees in mechanical and industrial engineering.”

“Through its AI-fueled marketplace and expanding suite of cloud-based services and software, Xometry is rapidly digitizing the manufacturing space and playing a pivotal role in strengthening supply chains everywhere,” Dutt said. “I’m passionate about leveraging technology to help clients accelerate their own digital journeys, and I look forward to working with Randy and the rest of the management team to accelerate Xometry’s continued growth.”

Throughout his career, Dutt has led sales teams for major technology players, including Google, Oracle and CapGemini. As head of cloud sales for Google Cloud’s mid-Atlantic enterprise region, Dutt worked with major companies in the medical/healthcare, media, consumer goods and financial services sectors. As senior vice president for CapGemini, he helped drive the transformation of the company’s Oracle business to XaaS. At Oracle, he built and led high-performing teams serving clients in the high-tech, telecommunications, manufacturing and distribution industries.

“As we welcome Subir to Xometry, we also thank Kathy for her tremendous leadership in helping scale our business,” Altschuler said. “In her seven years with Xometry, Kathy led our team to new heights every year, helping grow our revenue from $17 million in 2017 to $463 million at the end of last year.”

Mayerhofer will work with Dutt to ensure a seamless transition.

Xometry’s two-sided AI-powered marketplace plays a vital role in the 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, which provides centralized project management software for large, mission-critical projects.

About Xometry
Xometry’s (NASDAQ:XMTR) AI-powered marketplace, popular Thomas 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:
Matthew Hutchison
SVP, Global Corporate Communications
415-583-2119
Matthew.Hutchison@Xometry.com

Illume PR for Xometry
Xometry@IllumePR.com

Investor Contact:
Shawn Milne
VP, Investor Relations
240-335-8132
Shawn.Milne@Xometry.com

FAQ

Who is the new Chief Sales Officer of Xometry as of May 15, 2024?

Subir Dutt has been appointed as the new Chief Sales Officer of Xometry.

What experience does Subir Dutt bring to his role at Xometry?

Subir Dutt has extensive sales leadership experience from companies like Google, Oracle, and CapGemini.

What was Subir Dutt's role at Google Cloud?

At Google Cloud, Subir Dutt served as head of mid-Atlantic enterprise sales, achieving triple-digit revenue growth.

How much did Xometry's revenue grow under Kathy Mayerhofer's leadership?

Xometry's revenue grew from $17 million in 2017 to $463 million in 2023 under Kathy Mayerhofer's leadership.

What are Xometry's main offerings?

Xometry offers an AI-powered marketplace, the Thomasnet industrial sourcing platform, and cloud-based tools like Xometry Teamspace.