The no-code platform developer, spun out of MIT's Media Lab, will use the cash to boost international growth and accelerate the development of new product features.
Tulip Interfaces, a US-based no-code manufacturing app developer spun out of Massachusetts Institute of Technology (MIT), raised $100m on Tuesday in a series C round featuring cutting machine tools manufacturer DMG Mori.
Insight Partners led the round, which also included Pitango Growth, Time Ventures, New Enterprise Associates (NEA) and Vertex Ventures US.
Spun out of MIT Media Lab in 2012, Tulip provides a cloud-based, no-code software platform with native edge capabilities that is used to build and customise apps to aid operations in a variety of industries including general manufacturing, pharmaceutical, biotechnology and warehousing.
Tulip will use the funding to boost the expansion of its operations in the US, Germany and Hungary, double its headcount and establish a new headquarters in the Asia and Pacific region in early 2022.
The company also plans to invest in new product features and further apply artificial intelligence and data…
