Lucy: From older companies like PTC and GE to startups like Rethink Robotics and Desktop Metal, it’s easy to conclude that Boston tech is playing a very big role in the future of manufacturing.
Dylan: Now we have one more anecdote to add: After Formlabs showed how it plans to bring heavy-duty 3D printing systems into the manufacturing world yesterday, one of its co-founders, Natan Linder, this morning announced that he has raised a $13M Series A for his new startup, Tulip. The round was led by New Enterprise Associates, with participation from Pitango VC and angel investors.
Basically, Tulip has built a manufacturing app platform that gives operators and front-line engineers on the shop floor better tools and analytics to do their job. By plugging into various tools, machines, sensors and IT backend systems, Tulip’s platform allows people to create apps for things like interactive work instructions, quality control, automatic data collection, training and machine monitoring.
Linder, Tulip’s CEO, told me one of the key features is its ease of use, which is made possible through a drag-and-drop interface that requires no coding experience. “That’s huge because of the huge amount of money people spend on system integration,” he said.
An analysis by Deloitte found that Tulip’s platform was able to increase productivity by more than 10% while reducing manual quality issues by 60% in first four weeks the technology was in use by Jabil, a global contract manufacturer. “The point is, nobody should be robbed of making decisions based on data,” Linder said.
Tulip is among a number of Boston-area companies that are building technologies to augment human workers at manufacturing companies. Other companies include PTC, which has built Internet of Things and augmented reality products to help workers service machines, and MachineMetrics, which collects data on shop floors using sensors for real-time machine monitoring. |