Tulip, a Somerville, Mass.-based developer of a manufacturing app platform, raised $13m in Series A financing.
The round was led by New Enterprise Associates (NEA) with participation from Pitango Venture Capital and other angel investors.
The company will use the capital to grow its product, design, and research teams, while expanding its customer support capabilities.
Led by Natan Linder, CEO and co-founder, Tulip developed a manufacturing app platform that brings industrial IoT and advanced analytics to front-line engineers and operators to:
– create digital manufacturing apps that integrate operator, sensor and machine data,
– connect tools, machines, sensors and backend IT systems with industrial IoT, and
– analyze and visualize production with real-time analytics to implement changes and continuously improve.
Global manufacturers use the platform to create IoT-enabled apps for a variety of use cases including interactive work instructions, automatic data collection, quality control, audits, machine monitoring, and training.
Tulip is a spinout from MIT.