Industrial IoT Company Tulip Raises Additional $21 Million
Industrial IoT company Tulip Interfaces Inc. announced it had raised an additional $21.1 million as part of its series B funding round, solely from Tokyo-listed DMG Mori Seiki Company Ltd. The company announced in February that it had raised an $18.4 million series B round.
Tulip offers manufacturers a no-code platform for creating IoT-enabled digital tools and applications. The company was founded by Israeli entrepreneurs Natan Linder and Rony Kubat and launched in 2014 out of the Massachusetts Institute of Technology’s Media Lab. The company has raised $52.5 million to date. Read more…