Manufacturing Software Company Tulip Raises $100 Million To Give Factory Workers Cloud-Based Tools


Courtesy of Tulip

Courtesy of Tulip

By Amy Feldman

Natan Linder, cofounder and chairman of 3-D printing unicorn Formlabs, founded Tulip seven years ago to give factory workers the same access to digital tools as office workers. In a sign of how far this market has come, Tulip raised $100 million led by Insight Partners, Linder told Forbes.

The new funding, which brings total investment in Tulip to $153 million, values the company at a level approaching $1 billion. “It’s close to a unicorn—it’s a soonicorn,” says Linder. “You know my background, and you know we’re not chasing a unicorn. Getting a company overvalued is not a good thing to do.”

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