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US manufacturing app platform startup gets a funding of $39.5 million in its Series B round

US manufacturing app platform startup gets a funding of $39.5 million in its Series B round
US manufacturing app platform startup gets a funding of $39.5 million in its Series B round
Tulip, US-based manufacturing app-based platform earlier today, according to a blog post has raised $39.5 million in its Series B round of funding.

DMG MORI and Vertext Ventures were one of the investors in the startup. In its Series A round of funding, the startup raised $13 million from a few investors which included Pintango Venture Capital and NEA.

The startup would use the funds raised to expand its business into the Middle East, Africa, Asia, and Europe.

Tulip targets small and medium manufacturing business has developed a good user base in the United States.

DMG MORI would not only be a partner in the startup but would also use its platform which requires no coding to automate its quality control, training, and assembly, according to the blog post.

According to Christian Thönes, the Chairman of DMG MORI, the startup would help a lot of small and medium business to get digital.

The company has decided to open up a new office in Munich which would be very essential for its growth in Europe.