About Turntide
Turntide is an Energy & Utilities company based in Sunnyvale (United States) founded in 2013 by Mark L Johnston and Ryan Morris. Provider of smart energy management solutions. Turntide has raised $534.75 million across 12 funding rounds from investors including JLL, Fifth Wall and CPP Investments. The company has 204 employees. Turntide has completed 4 acquisitions, including AVID Technology Group, BorgWarner and Hyperdrive Innovation. Turntide was last valued at $1 billion in June 2022. Its chief executive, as recorded, is Steven Hornyak. Its website turntide.com draws about 11 thousand monthly visits. Turntide offers products and services including Motors, Power Electronics, Energy Storage, and Thermals. Its focus areas include Energy Tech, Energy Efficiency Tech, Thermal Products and HVAC. Its legal entity is Turntide Technologies.
Company details
Turntide was founded in 2013 in Sunnyvale, United States, and operates within the energy management sector. Computing and software controls are integrated with switched reluctance motor technology to address space conditioning and refrigeration energy costs. Energy is utilized only as required, while programmable IoT controls enable maintenance efficiencies. Integration with existing building systems is supported across operations.
- Total Equity Funding$534.75M (USD)
in 12 rounds
- Latest Funding Round$80M (USD), Series D
Jun 2022
- InvestorsJLL
& 24 more
- Employee Count204
- Investments & AcquisitionsAVID Technology Group
& 3 more
Products & Services of Turntide
Turntide offers a comprehensive portfolio of products and services, including Motors, Power Electronics, Energy Storage, and Thermals.
Electric motors for industrial and vehicle applications.
Components for power conversion in various sectors.
Systems for efficient energy storage and release.
Pumps and fans for cooling industrial equipment.
Apps and channels of Turntide
its YouTube channel Turntide Technologies has 3.11K subscribers and 30 videos.
Videos from Turntide
The most watched videos on Turntide's YouTube channel, Turntide Technologies (3.11K subscribers). Click a video to play it here.
More on Turntide Technologies.
Funding Insights of Turntide
Turntide has successfully raised a total of $534.75M across 12 strategic funding rounds. The most recent funding activity was a Series D round of $80 million completed in June 2022. 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 $534.75M
- Total Rounds 12
- Last Round Series D — $80M
- First Round $224,827
(Jul 2016)
- Investors Count 25
Latest 10 of 12 funding rounds of Turntide 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 |
|---|---|---|---|---|---|
| Jun 2022 | $80M | Series D | $1B | – | |
| May 2022 | $10.55M | Series C | – | – | |
| Jun 2021 | $225M | Series C | – | CPP Investments | |
| Mar 2021 | $80M | Series C | – | Breakthrough Energy | |
| Sep 2020 | $58.68M | Series B | – | WIND Ventures, BMW i Ventures | |
| Jan 2020 | $25M | Series A | – | BMW i Ventures | – |
| Jan 2019 | $31.41M | Series A | – | Meson Capital, JLL Technologies | – |
| Nov 2017 | $13.14M | Series A | – | Meson Capital | – |
| Oct 2017 | $10.97M | Series A | – | – | – |
| Sep 2017 | $747,282 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $1B | •••••••• |
Last known valuation $1B (Jun 2022). 25 investors in total: 25 institutional.
Investors in Turntide
Turntide has secured backing from 25 investors, including institutional and venture fund investors. Prominent investors backing the company include JLL, Fifth Wall and CPP Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage tech startups by Fifth Wall. | 2016 | fifthwall.com | New York, United States | |
Climate solutions are advanced via venture capital and startup acceleration. | breakthroughenergy.org | Kirkland, United States | ||
Venture capital is invested in media sectors by the firm. | footprintcoalition.com | Los Angeles, United States | ||
Venture capital fund focused on multiple sectors | windventures.vc | San Francisco, United States | ||
BMW i Ventures is focused on investing in automotive technology startups. | bmwiventures.com | Mountain View, United States | ||
Venture capital firm focused on AI, IoT, and sustainable energy technology sectors | mesoncapital.com | San Francisco, United States | ||
FutureShape is involved in shaping and building futures. | futureshape.com | Paris, France | ||
Investment services are offered by First Generation Capital. | firstgenerationcapital.com | |||
| oilandgasclimateinitiative.com | ||||
Venture capital firm backed by family office | forgoodventures.com | San Francisco, United States |
Investor details for Turntide
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Turntide
69 people are tracked at Turntide (16 in leadership, 53 in team); the tracked headcount is 204.
| Name | Role | Group |
|---|---|---|
Mark L Johnston | Co-Founder | Leadership |
Steven Hornyak | CEO | Leadership |
Brad Bell | Chief Commercial Officer | Leadership |
Ryan Morris | Founder | Leadership |
Paul Ternes | Director Of Software Engineering | Leadership |
Tianning Xu Ph.D., Ceng, Miet | VP Of Engineering, Transport | Leadership |
Matrishvan Raval | Head Of Product | Leadership |
Antonios Giampanis | Product & Commercial Director | Leadership |
Jillian Childs | VP Of Marketing | Leadership |
Terrell Tuten | Vice President Of Customer Success | Leadership |
Chris Derbecker | Director, Customer Technology | Leadership |
Robert Leyland | Head Of Rail Accounts | Leadership |
Mc Hansen | Director Of Global Audit And Consolidation | Leadership |
Khristina Tottoc | People Business Partner | Leadership |
Lauren Redman | People Business Partner | Leadership |
Samantha Mudaly | Vice President, People | Leadership |
Khoi Pham | Senior Manager, Sales Tools And Technology | Team |
Philip So | Senior Electrical Hardware Engineer | Team |
Sana Ullah | Senior Electrical Machine Design Engineer | Team |
Chris Hutchinson | Principal Quality Engineer | Team |
49 more people are available in the full profile.
Complete people profiles for Turntide
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Turntide
Turntide has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include AVID Technology Group, BorgWarner and Hyperdrive Innovation.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufacturer of electric drive systems and thermal management systems for hybrid and electric vehicles | avidtp.com | Cramlington, United Kingdom | 2004 | Jun 2021 | •••• | |
Battery management systems for electric vehicles are developed and manufactured. | hyperdriveinnovation.com | Sunderland, United Kingdom | 2010 | Jun 2021 | •••• | |
Manufacturer of multiple automotive parts and accessories | borgwarner.com | Auburn Hills, United States | 1928 | Jun 2021 | •••• | |
Data integration, management, and analysis for IoT devices are provided. | riptideio.com | Santa Barbara, United States | 2012 | Mar 2021 | •••• |
Complete acquisition details for Turntide
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Turntide
8 dated milestones of Turntide across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Turntide is founded.
- Funding First funding round of $225K.
- Acquisition Acquires Riptide IO.
- Acquisition Acquires Hyperdrive Innovation.
- Acquisition Acquires BorgWarner.
- Acquisition Acquires AVID Technology Group.
- Funding Latest funding round, Series D, of $80.0M.
- Milestone Reaches Unicorn status.
Web traffic of Turntide
The website of Turntide (turntide.com) receives about 10.5K visits a month.
- Monthly visits10.5K
▲ 15.9% vs previous month
Websites whose visitors overlap most with Turntide. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| brainboxai.com | 100% | 21.9K | #1,311,865 | View details |
Top companies in Energy Efficiency Solutions
3 companies that operate in the same segment as Turntide (Energy Efficiency Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Turntide
Complete news archive for Turntide
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Frequently Asked Questions about Turntide
Turntide was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Turntide is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Steven Hornyak is the CEO of Turntide, as recorded in our data.
Turntide is a funded company, having raised a total of $534.75M across 12 funding rounds to date. The company's 1st funding round was a Grant of $747.28K, raised on Jul 2016.
Turntide has 204 employees.
Turntide was founded in 2013 in Sunnyvale, United States, and operates within the energy management sector. Computing and software controls are integrated with switched reluctance motor technology to address space conditioning and refrigeration energy costs. Energy is utilized only as required, while programmable IoT controls enable maintenance efficiencies. Integration with existing building systems is supported across operations.
Turntide offers Motors, Power Electronics, Energy Storage, and Thermals.
Turntide has made 4 acquisitions, including AVID Technology Group, BorgWarner, and Hyperdrive Innovation.
Turntide has 25 investors. Key investors include JLL, Fifth Wall, CPP Investments, SEIT, and Monashee Investment Management.
The valuation of Turntide is $1B as of Jun 2022.
Turntide operates through Turntide Technologies.