Tulip Interfaces, the US-based developer of a no-code manufacturing app platform, raised $100m on Tuesday in a series C round featuring cutting machine tools manufacturer DMG Mori.
Insight Partners led the round, which also included Pitango Growth, Time Ventures, New Enterprise Associates (NEA) and Vertex Ventures US.
Spun out of Massachusetts Institute of Technology’s Media Lab in 2012, Tulip provides a cloud-based, no-code software platform with native edge capabilities that is used to build and customise apps to aid operations in a variety of industries including general manufacturing, pharmaceutical, biotechnology and warehousing.
Tulip will use the funding to boost the expansion of its operations in the US, Germany and Hungary, double its headcount and establish a new headquarters in the Asia and Pacific region in early 2022.
The company also plans to invest in new product features and further apply artificial intelligence and data science to improve customer workflows. Peter Sobiloff, managing director at Insight Partners, will join Tulip’s board of directors in connection with the round.
Tulip collected $39.5m in a September 2019 series B round backed by DMG Mori, Vertex Ventures, NEA and Pitango Venture Capital.
NEA led the company’s $13m series A round two years earlier, with contributions from Pitango and various angel investors. It had raised an undisclosed amount from C4 Ventures the previous year, while unnamed angel investors had provided seed capital at an undisclosed date.