The MIT-founded manufacturing app development spinout has now received more than $31m from investors including Vertex Ventures US, Pitango, NEA and C4 Ventures.

Tulip Interfaces, a US-based manufacturing app development spinout of Massachusetts Institute of Technology (MIT), has obtained $18.4m in a series B round led by Singaporean government-owned venturing unit Vertex Ventures US. VC firms Pitango Venture Capital and New Enterprise Associates also supplied Tulip with capital. Founded in 2014 from MIT’s Media Lab research centre, Tulip Interfaces markets the Factory Kit app creation platform, which lets manufacturing clients devise bespoke app interfaces to manage internet-of-things devices and sensors at their facilities. Clients using the Factory Kit service can start with one of more than 20 built-in app templates or create their own design from the ground up. The kit is priced at $3,500 and comes with accessories including sensors, a light kit and barcode scanner. The series B cash will help Tulip double its workforce by the end of 2019 with recruits augmenting its R&D, customer support, sales and marketing operations. The company currently has two offices – its headquarters in Somerville, Massachusetts and a European branch in London, England. NEA previously led Tulip’s $13m series A round in 2017 with backing from Pitango Venture Capital and a slate of unnamed existing angel investors, after VC fund C4 Ventures had injected an undisclosed sum into the business the year before. – Feature image courtesy of Tulip Interfaces

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