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- Tulip Interfaces
Tulip Interfaces Valuation, Funding & Investors
Tulip Interfaces is valued at $1.3B as of January 2026.
Last Tulip Interfaces valuation
$1.3B
Series D · Jan 2026
Last Tulip Interfaces funding round
$120M
Series D · Jan 2026
Cumulative funding Tulip Interfaces raised
$273M
across 5 funding rounds
Key investors in Tulip Interfaces
New Enterprise Associates
Pitango VC
Vertex Ventures US
Dmg Mori
Insight Partners
Vertex Ventures
About Tulip Interfaces
Tulip Interfaces is a Boston-headquartered no-code platform for frontline manufacturing operations in electronics, aerospace, and medical devices. The system deploys apps on edge devices with computer vision and sensors for assembly guidance and quality checks. Adopted by companies like Foxconn and Jabil, Tulip collects data from thousands of stations across global factories.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.3B (Jan 2026)
Tulip Interfaces Valuation
Tulip Interfaces is currently valued at $1.3B, based on its Series D in January 2026.
The $120M round was led by Mitsubishi Electric.
Tulip Interfaces valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2026 | Series D | $1.3B |
Tulip Interfaces Funding History
Tulip Interfaces has raised a total of $273M across 5 funding rounds.
Tulip Interfaces' first fundraising round was a $13M Series A in June 2017. The most recent completed round was a $120M Series D in January 2026.
Tulip Interfaces funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series D | Mitsubishi Electric (lead) | $120M | $1.3B | Tulip Interfaces, Inc., a Somerville, MA-based frontline operations platform spun out of MIT in 2012, secured $120 million in a Series D funding round on January 13, 2026, led by Mitsubishi Electric Corporation. The investment valued the company at $1.3 billion and involved issuing convertible preferred stock, marking Mitsubishi Electric as a new strategic investor. Tulip provides an AI-native, no-code platform that connects people, machines, devices, and systems in industrial environments, enabling manufacturers to digitize processes, collect real-time data, and drive continuous improvement without coding. The funding will accelerate digital transformation in manufacturing, expand AI-native frontline applications, and advance Tulip's composable, human-centric operations platform. Mitsubishi Electric, a Japanese multinational in electronics and electrical equipment established in 1921, signed a strategic alliance to leverage Tulip's technology for scalable, AI-driven applications, shifting from monolithic software to agile innovation. This partnership aims to enhance Mitsubishi's DX solutions for manufacturing, improve development efficiency, and strengthen competitiveness across sectors like industrial automation and HVAC. Tulip supports global manufacturers in industries including general manufacturing, pharmaceuticals, biotechnology, laboratories, and warehousing, with offices in Munich, Budapest, Singapore, Tel Aviv, and Tokyo. The round addresses challenges like volatile supply chains and labor shortages by embedding AI into frontline operations for rapid problem-solving and actionable insights. CEOs from both companies emphasized a human-first approach, empowering frontline workers with AI superpowers and fostering innovation worldwide. |
| Aug 2021 | Series C | Insight Partners (lead); Pitango VC; New Enterprise Associates; Vertex Ventures US; Dmg Mori; Time Ventures | $100M | - | Tulip Interfaces announced a $100 million Series C funding round on August 10, 2021, led by New York-based Insight Partners, with participation from new investors Pitango Growth and TIME Ventures (Marc Benioff's fund), alongside existing backers DMG MORI, New Enterprise Associates (NEA), and Vertex Ventures US. The company stated it would use the funding to scale delivery to global customers and expand product capabilities. Tulip's Frontline Operations platform is a cloud-based, no-code solution with native edge capabilities designed to connect people, machines, devices, and systems used in frontline industries including general manufacturing, pharmaceutical and biotechnology, labs, and warehousing. The company is an MIT spinoff founded in 2012 by Israelis Natan Linder and Rony Kubat. By the time of its later Series D round in December 2025, Tulip had grown significantly, with customer sites spanning 1,000 locations in 45 countries and over 300 employees (representing 135% headcount growth over three years). The Series C marked a key growth-stage milestone for the industrial software company, positioning it for international expansion and product development in the no-code operations platform space. |
| Sep 2019 | Series B | Dmg Mori (lead) | $21M | - | Tulip Interfaces, a Somerville, MA-based developer of a no-code frontline operations app platform originating as an MIT spinoff in 2012, completed a $39.5 million Series B financing tranche in September 2019 with DMG MORI joining investors Vertex Ventures US, NEA, and Pitango Ventures. This round focused on fueling growth in the SME market segment in EMEA and Japan, leveraging DMG MORI's market-leading machine tools and software alongside Tulip's platform to enable customization of apps for production orchestration, machine monitoring, productivity optimization, assembly, quality, and training. DMG MORI, a key customer, emphasized the human-centered digitization approach suitable for medium-sized customers. The partnership aimed to provide software previously unavailable to SMEs in machining, significantly improving productivity through Tulip's Manufacturing App Platform and no-code machine monitoring capabilities. Tulip's CEO Natan Linder highlighted DMG MORI as an ideal partner given the company's core focus on the machining SME market and existing work with large global manufacturers. Subsequent rounds included a $100 million Series C in August 2021 led by Insight Partners with participation from DMG MORI, NEA, Pitango Growth, TIME Ventures, and Vertex Ventures US. Much later, in late 2025/early 2026, Tulip raised a $120 million Series D led by Mitsubishi Electric at a $1.3 billion valuation, marking unicorn status and supporting AI-driven features, global expansion, and strategic alliances. By then, total funding reached approximately $291 million, headcount grew 135% to over 300 employees, and the platform served 1,000 customer sites in 45 countries and 60,000 frontline workers. |
| Feb 2019 | Series B | Vertex Ventures (lead); Vertex Ventures US (lead); Pitango VC; New Enterprise Associates | $18M | - | - |
| Jun 2017 | Series A | New Enterprise Associates (lead); Pitango VC | $13M | - | Tulip Interfaces, developer of the Manufacturing App Platform, raised $13 million in a Series A funding round on June 6, 2017. New Enterprise Associates (NEA) led the investment with participation from Pitango Venture Capital and returning angel investors. The capital was allocated to expand product, design, and research teams while enhancing customer support amid significant customer growth. NEA partner Dayna Grayson joined the board. Tulip targets digital transformation in manufacturing by providing no-code apps for frontline workers, operators, and engineers to boost productivity and yield. Customers included major manufacturers like Jabil, where Tulip improved production yield by over 10% and reduced quality issues by 60% in initial weeks per Deloitte analysis. |
Who has invested in Tulip Interfaces?
8 investors have backed Tulip Interfaces across its funding rounds, including New Enterprise Associates, Pitango VC, Vertex Ventures US, Dmg Mori, Insight Partners and Vertex Ventures.
Lead investors include Mitsubishi Electric, Insight Partners, Dmg Mori, Vertex Ventures, Vertex Ventures US and 1 other investor.
Tulip Interfaces Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2017 | ||
| 3 | Lead | Jun 2017 | ||
| 2 | Lead | Feb 2019 | ||
| 2 | Lead | Sep 2019 | ||
| 1 | Lead | Feb 2019 | ||
| 1 | Lead | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 8 Tulip Interfaces investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Tulip Interfaces
Tulip Interfaces has acquired 1 company to date.
Last acquisition by Tulip Interfaces was on November 18th 2025. Tulip Interfaces acquired Akooda for undisclosed valuation.
Latest Acquisitions by Tulip Interfaces
| Description | Akooda supplies services for end-to-end project visibility, lifecycle tracking, profitability management, and security-focused operations to streamline team efforts. |
| HQ Country | |
| HQ City | - |
| Deal Date | 18 Nov 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Tulip Interfaces acquisitions and their M&A valuation multiples. Start Free Trial | |
Tulip Interfaces Competitors
Tulip Interfaces competitors include listed companies like Zwsoft and Imdex, and private ones like 24M Technologies, Motive, Nerdio and Vention.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Publicly listed | $133M | $12M | $1.3B | 6.9x | ||
| Publicly listed | $370M | $94M | $1.2B | 3.6x | ||
| Private | $600M | - | $1.2B | - | ||
| Private | $100M | - | $1.2B | 12.0x | ||
| Private | $73M | - | $1.2B | 16.4x |
Tulip Interfaces Public Comps
Tulip Interfaces is still privately-owned, but its public comps include Zwsoft, Imdex, Vitec Software, KPIT Technologies, Qt Group, GuoChuang Software, Harbin Boshi Automation, Shenzhen Tianyuan Dic, PSI Software and Breton Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $133M | $12M | 7.4x | 6.9x | 79.9x | 49.1x | |||
| $370M | $94M | 3.7x | 3.6x | 14.6x | 11.4x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $673M | $128M | 2.3x | 2.2x | 11.8x | 11.3x | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $422M | $106M | 3.5x | 3.5x | 14.0x | 11.4x | |||
| $1.4B | $42M | 0.9x | - | 28.6x | - | |||
This data is available for Pro users. Sign up to see all Tulip Interfaces competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tulip Interfaces
| When was Tulip Interfaces founded? | Tulip Interfaces was founded in 2014. |
| Where is Tulip Interfaces headquartered? | Tulip Interfaces is headquartered in Boston, MA, United States. |
| Is Tulip Interfaces publicly listed? | No, Tulip Interfaces is a private, VC-backed company. |
| What is Tulip Interfaces' valuation? | Tulip Interfaces was last valued at $1.3B in its Series D in January 2026. |
| How much funding has Tulip Interfaces raised? | Tulip Interfaces has raised $273M across 5 funding rounds. |
| What was Tulip Interfaces' last funding round? | Tulip Interfaces' last funding round was a $120M Series D in January 2026, led by Mitsubishi Electric. |
| Who are Tulip Interfaces' investors? | Tulip Interfaces' investors include Pitango VC, New Enterprise Associates, Vertex Ventures US, Dmg Mori, Vertex Ventures, Insight Partners, Time Ventures and Mitsubishi Electric. |
| Which companies are comparable to Tulip Interfaces? | Companies comparable to Tulip Interfaces include 24M Technologies, Zwsoft, Imdex, Motive, Nerdio and Vention. |
| How many companies has Tulip Interfaces acquired? | Tulip Interfaces has acquired 1 company, including Akooda. |
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