About Turntide
Turntide is a company based in Sunnyvale (United States) founded in 2013 by Mark L Johnston.. Turntide has raised $534.75 million across 12 funding rounds from investors including Fifth Wall, CPP Investments and SEIT. Turntide has completed 4 acquisitions, including AVID Technology Group, BorgWarner and Hyperdrive Innovation. Turntide offers products and services including Motors, Power Electronics, Energy Storage, and Thermals.
- Headquarter Sunnyvale, United States
- Founders Mark L Johnston
- Stage Unicorn
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Turntide Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$534.75 M (USD)
in 12 rounds
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Latest Funding Round
$80 M (USD), Series D
Jun 15, 2022
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Investors
Fifth Wall
& 16 more
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Employee Count
Employee Count
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Investments & Acquisitions
AVID Technology Group
& 3 more
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Products & Services of Turntide
Turntide offers a comprehensive portfolio of products and services, including Motors, Power Electronics, Energy Storage, and Thermals. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 12
- Last Round Series D — $80.0M
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First Round
First Round
(01 Jul 2016)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series D - Turntide | Valuation |
investors |
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| May, 2022 | Amount | Series C - Turntide | Valuation |
investors |
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| Jun, 2021 | Amount | Series C - Turntide | Valuation | CPP Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Turntide
Turntide has secured backing from 17 investors, including institutional and venture fund investors. Prominent investors backing the company include Fifth Wall, CPP Investments and SEIT. 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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Climate solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location | |
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Venture capital is invested in media sectors by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data integration, management, and analysis for IoT devices are provided.
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2012 | ||||
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Battery management systems for electric vehicles are developed and manufactured.
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2010 | ||||
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Manufacturer of electric drive systems and thermal management systems for hybrid and electric vehicles
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Turntide
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Turntide Comparisons
Competitors of Turntide
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Turntide
Frequently Asked Questions about Turntide
When was Turntide founded?
Turntide was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Turntide located?
Turntide is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Who is the current CEO of Turntide?
Steven Hornyak is the current CEO of Turntide.
Is Turntide a funded company?
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 Series C of $225M, raised on Jul 01, 2016.
What does Turntide do?
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.
What products or services does Turntide offer?
Turntide offers Motors, Power Electronics, Energy Storage, and Thermals.
How many acquisitions has Turntide made?
Turntide has made 4 acquisitions, including AVID Technology Group, BorgWarner, and Hyperdrive Innovation.
Who are Turntide's investors?
Turntide has 17 investors. Key investors include Fifth Wall, CPP Investments, SEIT, Monashee Investment Management, and Oil and Gas Climate Initiative.
What is Turntide's valuation?
The valuation of Turntide is $1B as of Jun 2022.
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