XML is a project of the World Wide Web Consortium (W3C), and the development of the specification is supervised by an XML Working Group. A Special Interest Group of co-opted contributors and experts from various fields contributed comments and reviews by email.
XML is a public format: it is not a proprietary development of any company, although the membership of the WG and the SIG represented companies as well as research and academic institutions. The v1.0 specification was accepted by the W3C as a Recommendation on Feb 10, 1998.