About Riptide IO
Riptide IO is a Technology company based in Santa Barbara (United States) founded in 2012 by Marti Ogram, Shaun Leimbrock, and Mike Franco, and was acquired by Turntide in March 2021. Data integration, management, and analysis for IoT devices are provided. It operates in the Technology, Business Services, and Energy & Utilities sectors. Riptide IO has raised $5.5 million across 3 funding rounds from investors including Turntide. The company has 3 employees. Its chief executive, as recorded, is Mike Franco. Its Indian entity Turntide Technologies Private Limited reported revenue of ₹7.21 Cr. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Devices and Sensors. Its competitors include Particle, MRI Software and Span.IO; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Santa Barbara, United States
- Employees 3
- Founders Marti Ogram, Shaun Leimbrock, Mike Franco
- Stage Acquired
- SectorsTechnologyBusiness Services Energy & Utilities Real Estate & Construction
- Website riptideio.com
- Social LinkedIn X
- Acquired by Turntide (Mar 2021)
- Legal Name Turntide Technologies Private Limited
- Date of Incorporation 14 Mar, 2014
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹7.21 Cr
FY 2025 · -25% YoY
- Indian entity net profit₹45.7 Lakh
FY 2025 · 6% margin
- Indian entity EBITDA₹1.81 Cr
FY 2025 · 25% margin
- Total Equity Funding$5.5M (USD)
in 3 rounds
- Latest Funding Round$1.5M (USD), Series A
Apr 2018
- Investors
- Employee Count3
- Acquired byTurntide
(Mar 2021)
Associated legal entities of Riptide IO
Riptide IO operates through Turntide Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Turntide Technologies Private Limited CIN U45300KA2014FTC074168 | Active | 14 Mar 2014 | Bangalore, Karnataka | ₹7.2 Cr | 3 | 4 | View details |
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 $5.5M
- Total Rounds 3
- Last Round Series A — $1.5M
- First Round $400,000
(Jul 2014)
All 3 funding rounds of Riptide IO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $1.5M | Series A | – | – | – |
| Nov 2015 | $4M | Series A | – | – | – |
| Jul 2014 | $400,000 | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in Riptide IO
Riptide IO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Turntide.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of smart energy management solutions | 2013 | turntide.com | Sunnyvale, United States |
Investor details for Riptide IO
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Board of directors of Turntide Technologies Private Limited (Riptide IO)
Turntide Technologies Private Limited is the primary company behind Riptide IO. The board of Turntide Technologies Private Limited currently have 4 directors; the longest-serving is Mark Cox, appointed in 2023. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mark Cox DIN 10296290 | Director | 01 Sep 2023 | 3 yrs 2 mo | Turntide Technologies Private Limited |
| Kavitha Paramesh DIN 03302040 | Director | 31 Jan 2024 | 2 yrs 9 mo | Turntide Technologies Private Limited |
| Pradumna Pradeep Walimbe DIN 10670690 | Managing Director | 20 Jun 2024 | 2 yrs 4 mo | Turntide Technologies Private Limited |
| Steven Mark Hornyak DIN 11168345 | Director | 14 Jul 2025 | 1 yr 3 mo | Turntide Technologies Private Limited |
People of Riptide IO
4 people are tracked at Riptide IO (4 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Marti Ogram | Co-Founder & VP Marketing | Leadership |
Shaun Leimbrock | Co-Founder & VP Product | Leadership |
Mike Franco | Co-Founder & CEO | Leadership |
Shawn Leimbrock | Co-Founder & VP, Product | Leadership |
Complete people profiles for Riptide IO
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Financials of Riptide IO
Figures of Turntide Technologies Private Limited, the primary company behind Riptide IO, for FY 2025. Revenue was ₹7.21 Cr (-25% year on year). Net profit was ₹45.7 Lakh (6% margin). EBITDA was ₹1.81 Cr (25% margin). Revenue has grown at a compounded annual rate of +2% over three years and +23% over five years.
- ₹7.21 CrRevenue · FY 2025 · -25% YoY
- ₹45.7 LakhNet profit · 6% margin
- ₹1.81 CrEBITDA · 25% margin
- ₹10 LakhPaid-up capital
- 3Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Turntide Technologies Private Limited are on its company page.
Detailed financial statements for Riptide IO
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Riptide IO
4 dated milestones of Riptide IO across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Riptide IO is founded.
- Funding First funding round of $400K.
- Funding Latest funding round, Series A, of $1.5M.
- Exit Acquired by Turntide.
Competitors of Riptide IO
Riptide IO has 3 listed competitors in our database, 3 of them funded. They include Particle, MRI Software and Span.IO.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| mrisoftware.com | 1971 | Solon, United States | $125M | 781 | Property management software is provided for residential and commercial properties. | |
| span.io | 2014 | San Francisco, United States | $255.56M | Smart panels for home energy management are provided by Span.IO. |
Detailed competitors of Riptide IO
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Top companies in Industrial IoT & Smart Manufacturing
3 companies that operate in the same segment as Riptide IO (Industrial IoT & Smart Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 |
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Related news about Riptide Io
Complete news archive for Riptide IO
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Frequently Asked Questions about Riptide IO
Riptide IO was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Riptide IO is headquartered in Santa Barbara, United States. It is registered at Santa Barbara, California, United States.
Mike Franco is the CEO of Riptide IO, as recorded in our data. They have also founded this 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 2014.
Riptide IO has 3 employees.
The primary company behind Riptide IO, Turntide Technologies Private Limited, reported revenue of ₹7.21 Cr for FY 2025, down 25% year on year.
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.
Riptide IO's top competitors include Particle, Span.IO and MRI Software.
Riptide IO has 1 investor. Key investors include Turntide.
Riptide IO operates through Turntide Technologies Private Limited.
Yes. Riptide IO was acquired by Turntide in March 2021.
The legal entities of Riptide IO currently have 4 directors, including Mark Cox, Pradumna Pradeep Walimbe, Kavitha Paramesh and others.