DMG Mori and Tulip Partnering to Bring No-Code Programming to Production Lines

Subscribe To Read This Insight

By Michael Larner | 4Q 2019 | IN-5626

 

A Combination of Tulip's Digital Expertise and DMG MORI's Industry Footprint

NEWS


On September 24, 2019 it was announced that Tulip, a smart manufacturing firm with a novel approach to application development, will be receiving backing from machine tool builder DMG MORI which, along with Vertex Ventures, NEA, and Pitango, will be investing in Tulip’s Series B fundraising round. The funding round is expected to raise US$39.5 million and be put toward growing Tulip’s footprint among SMEs in Europe, the Middle East, and Africa (EMEA) and Japan. Tulip has raised over US$70 million since January 2017.

In addition, the firms announced a strategic partnership whereby Tulip’s solutions will augment the technology that DMG MORI provides its Small- and Medium-sized Enterprise (SME) clients and in so doing rapidly expand Tulip’s footprint in a fragmented market.

No-Code Required on the Facto...

You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.

Service