DMG Mori, an existing customer of MIT spinout Tulip, has contributed to a round that closed at $39.5m, alongside Vertex Ventures, NEA and Pitango.
Tulip, a US-based no-code manufacturing app platform spun out of Massachusetts Institute of Technology (MIT) completed a $39.5m series B round on Tuesday that was backed by cutting machine tools manufacturer DMG Mori.
Vertex Ventures, a venture capital subsidiary of Singaporean state-owned investment firm Temasek, also took part in the round, as did VC firms New Enterprise Associates (NEA) and Pitango Venture Capital.
Spun out of MIT Media Lab in 2012, Tulip has built a platform that allows…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
