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Stock impact report

Tulip Secures $120M Series D to Give Frontline Workers AI Superpowers

MITSUBISHI ELEC UNSP/ADR (MIELY) 
NASDAQ:AMEX Investor Relations: mitsubishielectric.com/company/ir/index.html
Company Research Source: Business Wire
Led by Mitsubishi Electric, the investment brings the company’s valuation to $1.3B, and will accelerate the end of rigid industrial software BOSTON--(BUSINESS WIRE)--Tulip, the leading frontline operations platform, announced today that Mitsubishi Electric Corporation (TOKYO: 6503) has invested in and signed a strategic alliance agreement with the company, cementing a strategic commitment to overhaul digital transformation (DX) in manufacturing.Manufacturers today face dual threats of volatile supply chains and critical labor shortages. Traditional systems and paper-based workarounds are too slow and disconnected for manufacturers to react. Tulip solves this by embedding Artificial Intelligence into frontline operations, enabling rapid problem solving and turning complex data into insight and action.Through this partnership, Mitsubishi Electric will leverage Tulip’s composable platform to rapidly roll out scalable, AI-driven applications. This move signals a definitive shift away f Show less Read more
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