What is Tulip?
Tulip operates at the intersection of AI and industrial operations, offering a no-code platform designed to connect people, machines, devices, and systems within manufacturing and warehousing environments. The company's solution empowers manufacturers to digitize processes, gather real-time data, and implement continuous improvements powered by artificial intelligence, all without the need for extensive coding. Headquartered in Somerville, MA, Tulip serves a global clientele across diverse industries including general manufacturing, pharmaceuticals, biotechnology, laboratories, and warehousing, facilitating operational efficiency and digital transformation.
How much funding has Tulip raised?
Tulip has raised a total of $272.5M across 4 funding rounds:
Series A
$13M
Series B
$39.5M
Series C
$100M
Series D
$120M
Series A (2017): $13M with participation from Pitango Venture Capital and New Enterprise Associates
Series B (2019): $39.5M led by Vertex Ventures, Pitango, and NEA
Series C (2021): $100M supported by Insight Partners
Series D (2026): $120M featuring Mitsubishi Electric
Key Investors in Tulip
Pitango Venture Capital
Pitango is a venture capital firm that partners with visionary entrepreneurs and groundbreaking companies, supporting them from stealth mode to maturity. The firm operates through three funds: First, Growth, and HealthTech, focusing on exceptional founding teams. Pitango aims to provide value-added support to its portfolio companies, fostering innovation and growth in various sectors. Their intended clients include startups and established companies in the technology and health sectors.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators. The firm emphasizes building strong relationships with portfolio companies, providing operational insights, and facilitating connections to enhance growth. Vertex Ventures US is part of a global network, allowing them to offer extensive resources and expertise to their clients.
What's next for Tulip?
The substantial enterprise-level funding and major strategic investment indicate Tulip is poised for significant scaling and market expansion. This capital infusion will likely fuel further development of its AI-native platform, enhance its global reach, and strengthen its competitive position in the industrial automation and digital transformation landscape. The company's focus on no-code solutions for frontline operations positions it to capitalize on the growing demand for accessible and powerful digital tools in the industrial sector.
See full Tulip company page
