Tulip Interfaces has raised $100 million in Series C funding led by Insight Partners, a New York-based private equity and venture capital firm, the company announced early in August. Insight was joined by new investors Pitango Growth and Marc Benioff's TIME Ventures, as well as existing investors DMG MORI, NEA, and Vertex Ventures US. The new funding brings the total investment into Tulip to $153 million and raises the company’s valuation to nearly $1 billion; Founder and Chief Executive Officer Nathan Linder foresees unicorn status in the near future.
Tulip is the innovator of the Frontline Operations platform, a connected data and process management tool that aims to bring cutting-edge digital tools to the factory workforces that empower frontline industries like general manufacturing, biotech, and more. With the Series C funding, Linder’s company intends to expand both its international and Boston-based domestic operations by increasing employee headcount and investing in new product features and technologies. The manufacturing industry is behind most other major industries in digital transformation and cloud-migration — Tulip’s cloud-based, no-code technology helps those businesses accelerate the process. In tandem with the funding, Peter Sobiloff, Managing Director at Insight Partners, will be joining Tulip’s board of directors.