Tulip Raises $120M in Series D Funding

Mitsubishi Electric combines its investment with a strategic alliance to roll out Tulip applications across manufacturing operations.

Round size
$120M
Stage
Series D
Headquarters
United States
Announced
Jan 13, 2026

Applications built around the production floor

The platform connects devices and existing systems with apps that engineers can configure for their own processes. Workers can record production data and use AI-assisted tools without commissioning a separate software project for every workflow.

Capital paired with industrial distribution

Tulip’s Series D values the company at $1.3 billion. Mitsubishi Electric plans to use the platform to deploy scalable applications; Tulip reported that 60,000 frontline workers across 1,000 customer sites used its apps in 2025.

Sources

  1. Tulip: funding announcement
  2. Built In Boston: Tulip Series D
03 / Related rounds

Related funding rounds

01
Series C+ · AI

xAI

Grok AI models for conversation, coding, voice and image generation.

$20B
02
Series C+ · Robotics

Skild AI

Skild AI develops a shared robotics foundation model that controls different robot bodies, including mobile manipulators, tabletop arms, quadrupeds and humanoids.

Led by SoftBank
$1.4B
03
Series C+ · Autonomous Vehicles

Waabi

Waabi develops autonomous-driving software for trucks and robotaxis, using a shared AI model and simulation to train and validate driving behavior.

Led by Khosla Ventures, G2 Venture Partners
$750M