When was Tulip founded?

Tulip was founded in 2014 and became a unicorn in 2026, reaching the milestone in 12 years. It raised its 1st funding round 2 years after its incorporation.

Where is Tulip located?

Tulip is headquartered in Somerville, United States.

How many employees does Tulip have?

As of Jun 30, 2026, the latest employee count at Tulip is 391.

Is Tulip a funded company?

Tulip is a funded company, having raised a total of $291M across 6 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Seed round on Sep 2016.

How much is Tulip worth?

The latest valuation of Tulip is $1.3B as of Jan 15, 2026.

When was the latest funding round of Tulip?

Tulip's latest funding was a $120M Series D round on Jan 15, 2026, with participation from 1 investor.

Is Tulip a IoT Applications company?

The primary sectors of Tulip are IoT Applications and Manufacturing Tech.

Where does Tulip rank among its competitors?

Tulip ranks 3rd amongst 604 active competitors, of which 90 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Sift, which secured $42M in Mar, 2026.

Who are the top competitors of Tulip?

Tulip's top competitors include AspenTech, Plex Systems and Lectra. Among them, Sift secured the most recent funding round in March, 2026.

Tulip - 2026 Company Profile, Funding & Competitors

Sectors and market segments that Tulip operate in

Tulip serves in the High Tech, Internet of Things - Industry Applications, Industrial Goods and Manufacturing market segments.The primary business model of Tulip are:

Company Details

Tulip provides IoT-based software solutions for manufacturing enterprises to improve efficiency, share practices, reduce downtime, and increase the consistency and safety of manual processes. It enables enterprises to integrate any sensor with existing equipment on the shop floor to collect data and provide insights into each step of the manufacturing process. It can also be integrated with the existing manufacturing legacy systems for reporting and intelligence.

Website: tulip.co
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Key Metrics

Founded Year

2014

Location

Somerville, United States

Stage

Series D

Total Funding

$291M in 6 rounds

Latest Funding Round

Series D, Jan 15, 2026, $120M

Post Money Valuation

$1.3B as on Jan 15, 2026

Investors

Insight Partners & 15 more

Ranked

3^rd among 604 active competitors

Employee Count

391 as on Jun 30, 2026

Investment & Acquisitions

Akooda

Similar Companies

AspenTech & 814 more

View Tulip's full profile

Tulip has raised a total funding of $291M over 6 rounds. Its first funding round was on Sep 2016. Its latest funding round was a Series D round on Jan 15, 2026 for $120M. 1 investor participated in its latest round. Tulip has 16 institutional investors.

Here is the list of recent funding rounds of Tulip:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 15, 2026	$120M	Series D	$1.3B	-	-	Mitsubishielectric
Aug 10, 2021	$100M	Series C	-	-	Insight Partners	Vertex Ventures, New Enterprise Associates, Dmgmori, Pitango, Stanley Ventures
Sep 24, 2019	$39.5M	Series B	-	-	Dmgmori	Pitango, New Enterprise Associates, Vertex Holdings

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View details of Tulip's funding rounds and investors

Tulip's employee count trend

Tulip has 391 employees as of Jun 26. Here is Tulip's employee count trend over the years:

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Top competitors of Tulip include AspenTech, Plex Systems and Lectra. Here is the list of Top 10 competitors of Tulip, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	AspenTech 1981, Bedford (United States), Acquired	Provider of enterprise asset performance management, asset performance monitoring, and asset optimization software solutions	$100M	Advent International, White Star Capital & 4 others	73/100
2nd	Plex Systems 1995, Troy (United States), Acquired	Cloud-based manufacturing execution software solution	$86.5M	Apax, T. Rowe Price & 2 others	69/100
3rd	Tulip 2014, Somerville (United States), Series D	Digitalized Manufacturing System	$291M	Vertex Holdings, Breyer Capital & 14 others	59/100
4th	Lectra 1973, Paris (France), Public	Provider of product designing and development software for the manufacturing sector	-	Eiffel Investment Group, Europa & 1 others	62/100
5th	Guidewheel 2017, Oakland (United States), Series B	Provider of platform to empower factories to reach sustainable peak performance	$48M	Greycroft, Breakthrough Energy & 13 others	62/100
6th	Epsilon3 2021, Los Angeles (United States), Series A	Developer of AI-powered software for procedure and resource management solutions	$18.9M	Lux Capital, MaC Venture Capital & 9 others	61/100
7th	Decisyon 2005, San Francisco (United States), Series B	Provider of platform for corporate performance management	$55.9M	Catalyst Investors, Horizon & 2 others	60/100
8th	Sift 2022, El Segundo (United States), Series B	Provider of unified observability platform for hardware sensor data management	$67M	Google Ventures, StepStone Group & 6 others	59/100
9th	Go Autonomous 2020, Copenhagen (Denmark), Series A	Provider of an autonomous commerce platform for B2B transaction management	$13.3M	Ridge Ventures, 42 Capital & 4 others	59/100
10th	Peer Group 1992, Kitchener (Canada), Acquired	Factory equipment automation software solutions	-	-	58/100