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MIT spin-out Tulip raises $13 million to ‘digitally transform manufacturing’

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tulip manufacturing app warehouse

New Enterprise Associates leads $13 million round, with participation from Pitango, to expand product research and development and continue growing customer support capabilities

Tulip, the MIT spin-out which has developed a Manufacturing App Platform, has raised $13 million in Series A financing.

New Enterprise Associates led the round with participation from Pitango Venture Capital and many returning angel investors.

Tulip says it will use the capital to grow its world-class product, design, and research teams, while expanding its customer support capabilities in response to significant customer growth.  [Read more…] about MIT spin-out Tulip raises $13 million to ‘digitally transform manufacturing’

Connected and autonomous cars: Driving in the cloud

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Driving in the cloud

Jonathan Wilkins, marketing director of obsolete components supplier, EU Automation explains how cloud computing can help both manufacturers and owners make the most of their vehicle

Today, we consider wireless connectivity and parking assist to be standard features in new models of car.

However, roll back 50 years and it was a different story; there was much less technology of any kind in most vehicles.

The three-point seatbelt didn’t become standard until 1970 and airbags weren’t mandatory until 1998. With cloud computing on the rise, we’re seeing more high-tech features being added to vehicles than ever.

Cloud computing plays a pivotal role in helping original equipment manufacturers manage and control the data and connectivity needed to run a system of remote downloads and upgrades across all the cars they sell.  [Read more…] about Connected and autonomous cars: Driving in the cloud