Tulip raises $120M led by Mitsubishi Electric at a valuation above $1.3B

Tulip Interfaces/Tulip platform

Tulip raised $120 million Series D led by Mitsubishi Electric at a $1.3 billion valuation to build AI into its composable software platform for frontline manufacturing operations.

• Mitsubishi Electric led investment and signed strategic alliance to develop no-code factory systems
• Platform created 43,000 apps serving 60,000 frontline workers across 1,000 customer sites in 45 countries during 2025
• No-code approach lets plant staff build apps instead of waiting for custom IT projects
• Target sectors include manufacturing, pharmaceuticals and logistics