Tulip, a Boston-based platform specializing in problem-solving on industrial frontlines, pulled in $120 million in Series D funding at a $1.3 billion valuation. The round’s lead investor, Mitsubishi Electric, signed an agreement with Tulip to roll out the latter’s scalable, AI-driven applications.
The company’s goal is to facilitate a complete shift away from the monolithic software programs traditionally used in manufacturing facilities to solutions that enable humans to take action based on data-driven insights. Tulip’s composable, no-code digital architecture is designed to drive innovation among human engineers. The company’s platform enabled the work of 60,000 frontline workers across 45 countries in 2025.
“Tulip Interfaces’ composable platform development technology will enable us to respond to the speed and flexibility demanded by manufacturing sites. By combining the technologies that both companies possess, we aim to accelerate DX and innovation as well as strengthen our competitiveness beyond the boundaries of the manufacturing industry,” Satoshi Takeda, SVP, CDO and group president of digital innovation at Mitsubishi Electric, said in a statement.
