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
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Turntide Technologies
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Turntide
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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.
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.
| 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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Climate solutions are advanced via venture capital and startup acceleration.
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Venture capital is invested in media sectors by the firm.
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Investor details for Turntide
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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.
Investment portfolio details for Turntide
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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Verified entity values are shown only after access is granted.
| 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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Locked | Locked | 2012 | Locked | |
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Battery management systems for electric vehicles are developed and manufactured.
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Locked | Locked | 2010 | Locked | |
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Manufacturer of electric drive systems and thermal management systems for hybrid and electric vehicles
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Locked | Locked | 2004 | Locked |
Complete acquisition details for Turntide
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Financial Statements - Turntide
Detailed financials for Turntide
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- Profit trends
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Turntide Comparisons
Peer comparison for Turntide
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Competitors of Turntide
Detailed competitors of Turntide
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Latest news on 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 current CEO of Turntide.
Turntide is a funded company, having raised a total of $534.75M across 12 funding rounds to date.
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 17 investors. Key investors include Fifth Wall, CPP Investments, SEIT, Monashee Investment Management, and Oil and Gas Climate Initiative.
The valuation of Turntide is $1B as of Jun 2022.