Tulip Interfaces

Tulip Interfaces

Digital solutions for manufacturing operations

About Tulip Interfaces

Simplify's Rating
Why Tulip Interfaces is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

Company Size

201-500

Company Stage

Series C

Total Funding

$170.9M

Headquarters

Somerville, Massachusetts

Founded

2012

Overview

Tulip Interfaces offers digital solutions to help businesses, particularly in manufacturing, address operational challenges. Their no-code platform allows users to create customizable interfaces that integrate with existing systems and devices, improving process reliability and information capture. Tulip's solutions enhance productivity by streamlining batch releases and compliance activities while ensuring quality control. The company's goal is to provide comprehensive tools that boost operational agility and deliver significant returns on investment for manufacturers.

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Simplify's Take

What believers are saying

  • Tulip's partnership with Flexware Innovation enhances its industrial automation capabilities.
  • Recognition as a Best Place to Work boosts Tulip's employer brand and talent acquisition.
  • Tulip Pay streamlines retail transactions, offering a comprehensive payment solution for clients.

What critics are saying

  • Increased competition from companies like Opus Technologies may challenge Tulip's market share.
  • The complex retail technology landscape may hinder Tulip Pay's adoption.
  • Integration of ChatGPT and Azure OpenAI may face data privacy and security concerns.

What makes Tulip Interfaces unique

  • Tulip offers a no-code platform for rapid digital transformation in frontline operations.
  • The company integrates advanced technologies like AI and computer vision for quality insights.
  • Tulip's solutions are customizable, integrating seamlessly with existing systems and processes.

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Funding

Total Funding

$170.9M

Above

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$100M
Tulip Interfaces

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

401(k) Retirement Plan

Flexible Work Hours

Unlimited Paid Time Off

Commuter Benefits

Parental Leave

Company Equity

Fitness Subsidies

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 3%
U.S. Securities and Exchange Commission
Jun 1st, 2024
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

PYMNTS
May 21st, 2024
Opus Technologies Launches Payment Integration Framework For Financial Institutions

Opus Technologies has launched a payment integration framework designed for financial institutions.The new Paysemble helps financial institutions simplify technology adoption, migration and integration and ensure seamless operations, the company said in a Tuesday (May 21) press release.“Customers today expect a seamless and intuitive payment experience,” Opus CEO Praveen TM said in the release. “This puts pressure on financial institutions to constantly innovate and develop new ways to deliver products and services.”Paysemble helps financial institutions meet this challenge by delivering three distinct layers — message translator, workflow orchestrator and interface module — that are configurable to support various use cases, according to the release.These use cases include real-time payments, retail payments and cross-border transactions, the release said. For each use case, there are preset workflows that ensure smooth data exchange, compliance and security.Paysemble is built on cloud and microservices infrastructure and integrates into customers’ existing IT infrastructure, enabling faster implementation and greater operational efficiency, per the release.“We crafted Paysemble, a suite of solution accelerators that enables a powerful and flexible payment integration framework that helps achieve seamless integration and faster deployment of payment solutions,” Praveen TM said in the release.In another recent development around payment integration, Payroc said in January that it introduced a PayByCloud solution aimed at simplifying omnichannel payment integrations for independent software vendors (ISVs).Payroc’s cloud-based solution eliminates the need for ISVs to invest heavily in payments integration, streamlining the process and reducing time and effort.By establishing a cloud-based connection between Payroc’s application hosted on a payment device and the Payroc gateway, PayByCloud enables Payroc partners to facilitate transactions more efficiently.Also in January, Tulip introduced a payment integration powered by Stripe that is designed to be full featured, simple and quick to deploy, easy to maintain and fully supported by Tulip.The company’s Tulip Pay enables clients to conduct in-store, curbside and pick-up transactions on the Tulip point of sale (POS) system, “addressing every transactional situation they’re facing so that they are covered for every way their customers shop,” the firm said.In addition, businesses on Tulip can use the Stripe Reader S700 to accept in-person payments

PYMNTS
Jan 15th, 2024
Tulip Debuts Stripe-Powered Payment Integration Tulip Pay

Retail solutions provider Tulip has introduced a new payment integration powered by Stripe.“Tulip Pay is a full-featured payment system that’s simple and quick to deploy, easy to maintain, and fully supported by Tulip,” the company said in a Monday (Jan. 15) press release.According to the release, clients can use the tool to close in-store, curbside and pick-up transactions on the Tulip point of sale (POS) system, “addressing every transactional situation they’re facing so that they are covered for every way their customers shop.”The company says Tulip Pay will use Stripe Terminal, a collection of developer interfaces, pre-certified card readers and logistics management tools. In addition, businesses on Tulip can use the Stripe Reader S700 to accept in-person payments.“The retail technology landscape is getting more and more complex. Tulip’s vision is to make our POS system a one-stop-shop that enables our clients to deploy a complete transaction and payment system quickly and easily. And so, Tulip Pay was created,” Tulip EVP of Product Management Roberto Grandillo said in the release. “We believe retailers will appreciate bundling these two logical components into one, with a single source of support.”Tulip and Stripe first teamed last year, with Tulip gaining access to Stripe’s financial infrastructure platform.The enhanced partnership comes as merchants are increasingly turning to new technologies to meet consumer demands.As noted here last week, this means ramping up the use of biometric authentication as consumers embrace this payment method.The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: Biometric Authentication in the Age of Mobile” found that almost half of online shoppers in the U.S

Forbes
Nov 29th, 2023
Open Technology Ecosystems Are The Future Of Manufacturing

Anyone who works in the manufacturing space can speak to the disconnect between the use of technology in their personal and professional lives.“You walk into a plant manager’s office and he’s very proudly telling you about the Tesla. TSLA . that’s parked out there and how he can start it remotely and about his iPhone and this new technology, and you know, all the gadgets that you have — and you turn around and look at the plant and you see paper and antiquated technology,” said my colleague Gilad Langer, Industry Practice Lead at Tulip, at our recent Operations Calling™ conference

Tulip
Jul 19th, 2023
Tulip earns recognition as a Microsoft Cloud for…

And earlier this year, Tulip introduced the new Azure OpenAI integration in the Tulip Library.

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