What is Tulip?
Tulip provides a sophisticated AI-native, no-code platform designed to connect people, machines, devices, and systems across diverse industrial environments. Manufacturers leverage Tulip's technology to digitize operational processes, gather real-time data, and implement continuous improvements powered by artificial intelligence, all without the need for extensive coding. Headquartered in Somerville, MA, with a global presence including offices in Munich, Budapest, Singapore, Tel Aviv, and Tokyo, Tulip serves a wide array of industries such as general manufacturing, pharmaceuticals, biotechnology, laboratories, and warehousing.
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 Pitango, NEA, and Vertex Ventures
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.
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.
What's next for Tulip?
The substantial enterprise-level backing Tulip has received, culminating in its recent major strategic investment, positions the company for accelerated scaling and technological advancement. This infusion of capital is likely to be directed towards enhancing its AI capabilities, expanding its no-code platform's feature set, and broadening its global market reach. As Tulip continues to empower manufacturers with digital transformation tools, its strategic financing will be crucial in solidifying its leadership in the industrial operations software space.
See full Tulip company page
