What is Tulip?
Tulip provides a sophisticated no-code platform that serves as the digital backbone for frontline operations. By connecting people, machines, and systems, the company enables manufacturers to digitize complex processes and harness real-time data for continuous improvement. Headquartered in Somerville, Massachusetts, with a global footprint spanning Munich, Budapest, Singapore, Tel Aviv, and Tokyo, Tulip is uniquely positioned to address the growing demand for industrial digital transformation. Its platform eliminates the need for traditional coding, allowing operational teams to deploy AI-driven solutions rapidly.
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 New Enterprise Associates and Pitango Venture Capital
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
Mitsubishi Electric
A global leader in the manufacture and sales of electrical and electronic products, known for its long-standing commitment to technical ingenuity and industrial innovation.
Insight Partners
A prominent venture capital and private equity firm that supports high-growth software companies by providing operational support and fostering a vast network of industry leaders.
Vertex Ventures
An early-stage venture capital firm specializing in B2B software and infrastructure, leveraging deep operational expertise to help founders build sustainable digital enterprises.
What's next for Tulip?
With this latest capital injection, Tulip is poised to accelerate its product roadmap and expand its global market reach. The strategic focus will likely center on deepening the integration of generative AI within its industrial ecosystem, further empowering manufacturers to achieve unprecedented levels of efficiency and agility. As the company scales, it remains focused on bridging the gap between legacy industrial systems and modern, data-centric operational workflows, solidifying its role as a cornerstone of the Industry 4.0 movement.
See full Tulip company page
