Riptide IO

Santa Barbara, United States Founded: 2012 • Age: 14 yrs Acquired By Turntide
Data integration, management, and analysis for IoT devices are provided.
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About Riptide IO

Riptide IO is a company based in Santa Barbara (United States) founded in 2012 by Marti Ogram, Shaun Leimbrock, and Mike Franco was acquired by Turntide in March 2021.. Riptide IO has raised $5.5 million across 3 funding rounds from investors including Turntide. The company has 3 employees as of January 30, 2025. Riptide IO operates in a competitive market with competitors including Particle, Signify, Danfoss, Landis+Gyr and MRI Software, among others.

  • Headquarter Santa Barbara, United States
  • Employees 3 as on 30 Jan, 2025
  • Founders Marti Ogram, Shaun Leimbrock, Mike Franco
  • Sectors
    Technology
    Business Services Energy & Utilities Real Estate & Construction
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Turntide Technologies Private Limited
  • Date of Incorporation 14 Mar, 2014
  • Jurisdiction Bangalore, Karnataka, India
Operational Areas
Technology → Internet of Things (IoT) & Connectivity → →
Technology → Internet of Things (IoT) & Connectivity → →
Business Services → Facility, Security & Field Operations → →
Energy & Utilities → Energy Storage & Efficiency → →
Real Estate & Construction → Property Technology (PropTech) → →
Key Metrics
  • Annual Revenue
    $1.12 M (USD)
    24.52
    as on Mar 31, 2024
  • Net Profit
    $59.68 K (USD)
    129.55
    as on Mar 31, 2024
  • EBITDA
    $408.98 K (USD)
    127.83
    as on Mar 31, 2024
  • Total Equity Funding
    $5.5 M (USD)

    in 3 rounds

  • Latest Funding Round
    $1.5 M (USD), Series A

    Apr 19, 2018

  • Investors
    Turntide
  • Employee Count
    3

    as on Jan 30, 2025

  • Acquired by
    Turntide

    (Mar 02, 2021)

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People of Riptide IO
Headcount 10-50
Employee Profiles 1
Employee Profiles
People
Shawn Leimbrock
Co-Founder & VP, Product

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Teams
Shawn Leimbrock

Product Management Team

1 people

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Funding Insights of Riptide IO

Riptide IO has successfully raised a total of $5.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.5 million completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 3
  • Last Round Series A — $1.5M
  • First Round

    (21 Jul 2014)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Apr, 2018 Amount Series A - Riptide IO Valuation

investors
Nov, 2015 Amount Series A - Riptide IO Valuation

investors
Jul, 2014 Amount Debt – Conventional - Riptide IO Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in Riptide IO

Riptide IO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Turntide. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
Turntide
Provider of smart energy management solutions
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Riptide IO

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Riptide IO

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Riptide Io Comparisons

Employees
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Add Comparison
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Competitors of Riptide IO

Riptide IO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Danfoss, Landis+Gyr and MRI Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
Particle
domain founded_year HQ Location
IoT connectivity platform from prototype to production is developed.
Signify
domain founded_year HQ Location
Signify is recognized as a global leader in lighting solutions.
Danfoss
domain founded_year HQ Location
Manufacturer of energy efficiency products
Landis+Gyr
domain founded_year HQ Location
End-to-end energy management solutions are provided for utilities worldwide.
MRI Software
domain founded_year HQ Location
Property management software is provided for residential and commercial properties.
Tibber
domain founded_year HQ Location
Provider of solutions for energy monitoring for residential building
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Riptide Io

Frequently Asked Questions about Riptide IO

When was Riptide IO founded?

Riptide IO was founded in 2012 and raised its 1st funding round 2 years after it was founded.

Where is Riptide IO located?

Riptide IO is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.

Who is the current CEO of Riptide IO?

Mike Franco is the current CEO of Riptide IO. They have also founded this company.

Is Riptide IO a funded company?

Riptide IO is a funded company, having raised a total of $5.5M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $400K, raised on Jul 21, 2014.

How many employees does Riptide IO have?

As of Jan 30, 2025, the latest employee count at Riptide IO is 3.

What is the annual revenue of Riptide IO?

Annual revenue of Riptide IO is $1.12M as on Mar 31, 2024.

What does Riptide IO do?

Riptide was founded in 2012 in Santa Barbara, United States, focusing on the Internet of Things sector. Device integration and management are facilitated through the BrightEdge platform, which streams data to the BrightWorks cloud infrastructure. Storage, analysis, and visualization services tailored for sensors and devices are handled by BrightWorks, supporting enterprise-level operations in data handling.

Who are the top competitors of Riptide IO?

Riptide IO's top competitors include Particle, Landis+Gyr and Danfoss.

Who are Riptide IO's investors?

Riptide IO has 1 investor. Key investors include Turntide.

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