Tulip engineers demoing the factory workbench, along with the Tulip gateway and platform setup on the monitors (Photo: Sharon Lin MIT)
Israeli created startup Tulip Interfaces provides a cloud-based, no-code platform. Tulip Interfaces just raised $100 million n Series C funding led by New York-based global private equity and venture capital firm, Insight Partners and new investor Pitango Growth. Marc Benioff is now a new investor through his TIME Ventures.
Peter Sobiloff, Managing Director at Insight Partners, will be joining Tulip’s board of directors.
Founded in 2014 by two Israelis, CEO Natan Linder and CTO Rony Kubat, Tulip offers a no-code platform that it boasts empowers companies to digitally transform their operations and gain “real-time visibility into the people, tools, machines, and processes involved–all in a matter of days.”
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Companies of all sizes, across industries, have implemented Tulip’s intuitive platform to solve some of the most pressing challenges in operations. A spinoff out of MIT, the company is headquartered in Somerville, MA, with operations in Hungary and Germany. It has been recognized as a Challenger on the 2021 Gartner Magic Quadrant for Manufacturing Execution Systems (MES), Frost and Sullivan Entrepreneurial Company of the year and a World Economic Forum Technology Pioneer.
According to Natan Linder, Co-founder and CEO of Tulip, “About 1 in 5 global workers are frontline operators who are fundamentally deskless. Their work environments are highly complex with work cells, sensors, benches, conveyor belts, and back-end systems in what constitutes a physical and digital environment, and they need a platform that is just as dynamic to support all the moving pieces. Just like knowledge workers, frontline workers need access to the right tools to get the data they need to stay competitive and to future-proof their operations.”
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We’ve closed our $100M Series C led by @insightpartners. @pitango-vc Growth & Marc Benioff’s TIME Ventures joined the round, as well as existing investors @dmgmori, @NEA , and Vertex Ventures US to further that mission. More here https://t.co/wFHc6FtWus
— tulipinterfaces (@tulipinterfaces) August 10, 2021
Tulip plans to expand its international operations to better support its hundreds of global enterprise customers like Terex, Delta Faucet, and Outset Medical; spanning more than 35 countries. Tulip intends to double its headcount, expanding operations in Boston, Munich, and Budapest; and establish a new APAC HQ in early 2022. The company plans to invest in new product features, and further apply AI and data science features to commonly used customer workflows. Tulip will dedicate additional resources towards its growing user community and Frontline Operations Marketplace.
