What is Tulip?
Tulip provides a sophisticated, AI-native, no-code platform designed to connect people, machines, and systems across diverse industrial landscapes. Headquartered in Somerville, Massachusetts, with a global footprint spanning Munich, Budapest, Singapore, Tel Aviv, and Tokyo, the company empowers manufacturers to digitize their frontline operations without the need for traditional software development. By facilitating the collection of real-time data and the deployment of AI-driven insights, Tulip serves a wide array of sectors, including pharmaceuticals, biotechnology, warehousing, and general manufacturing. Its platform acts as a critical infrastructure layer, enabling organizations to optimize production processes and enhance operational efficiency in an increasingly automated global economy.
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 NEA, Vertex Ventures, and Pitango
Series C (2021): $100M supported by Insight Partners
Series D (2026): $120M featuring Mitsubishi Electric
Key Investors in Tulip
Mitsubishi Electric
Mitsubishi Electric is a Japanese multinational electronics and electrical equipment manufacturer that provides a diverse portfolio including industrial robots, power equipment, and automation systems for global industrial customers.
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software, focusing on infrastructure and SaaS companies.
Pitango
Pitango is a venture capital firm that partners with visionary entrepreneurs and groundbreaking companies, supporting them from stealth mode to maturity across various technology and health sectors.
What's next for Tulip?
With the successful closure of this major strategic investment, Tulip is well-positioned to accelerate its product roadmap and expand its global market reach. The company is expected to focus on deepening its AI capabilities, further integrating machine learning into its no-code interface to provide more predictive and prescriptive insights for industrial operators. Furthermore, the strategic nature of this latest capital injection suggests a potential for deeper partnerships with industrial hardware manufacturers and an expansion of its enterprise-level service offerings. As Tulip continues to scale, the focus will likely remain on maintaining its competitive edge in the industrial IoT space while addressing the evolving needs of global manufacturers seeking to modernize their frontline operations through scalable, user-friendly digital solutions.
See full Tulip company page
