Turntide Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 650

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $305M

  • Investors
  • 30

Turntide General Information

Description

Developer of an electric motor system designed to reduce electricity consumption and accelerate the transition from fossil fuels. The company's system leverages computing and software control with switched reluctance motor technology and is connected to precise controls via IoT, enabling clients to substantially save on space conditioning, maintenance, and refrigeration energy costs.

Contact Information

Website
www.turntide.com
Formerly Known As
Software Motor, Software Motor Co
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 1295 Forgewood Avenue
  • Sunnyvale, CA 94089
  • United States
+1 (669) 000-0000
Primary Industry
Electrical Equipment
Other Industries
Business/Productivity Software
Vertical(s)
Manufacturing, Climate Tech, Industrials, Internet of Things
Corporate Office
  • 1295 Forgewood Avenue
  • Sunnyvale, CA 94089
  • United States
+1 (669) 000-0000

Turntide Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Turntide Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC (Series C) 15-Jun-2022 $305M 00000 00.00 Completed Generating Revenue
9. Later Stage VC (Series B) 17-Nov-2021 0000 00000 00000 Completed Generating Revenue
8. Later Stage VC (Series A3) 14-Oct-2020 000.00 00000 00000 Completed Generating Revenue
7. Debt - PPP 14-Apr-2020 00.000 000.00 Completed Generating Revenue
6. Later Stage VC (Series A2) 28-Jan-2019 000.00 000.00 000.00 Completed Generating Revenue
5. Grant 01-Jan-2018 00000 000.00 Completed Generating Revenue
4. Early Stage VC (Series A1) 24-Oct-2017 0000 000.00 0000 Completed Generating Revenue
3. Accelerator/Incubator 11-Jan-2017 00000 00000 Completed Generating Revenue
2. Grant 01-Jan-2016 $225K $150K Completed Generating Revenue
1. Early Stage VC (Series A) 10-Mar-2014 $150K $150K 00000 Completed Generating Revenue
To view Turntide’s complete valuation and funding history, request access »

Turntide Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C 00,000,000 00.000000 00.00 00.00 00.00 00.00 00.00
Series B 00,000,000 00.000000 00.00 00 00 00 00.000
Series A3 00,000,000 00.000000 00.00 00.00 00.00 00.00 00.000
Series A2 00,000,000 00.000000 00.00 00.00 00.00 00.00 00.000
Series A1 31,524,252 $0.000100 $0.04 $0.52 $0.52 $0.52 7.48%
Series A 6,000,000 $0.000100 $0.12 $0.12 $0.12 1.42%
To view Turntide’s complete cap table history, request access »

Turntide Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an electric motor system designed to reduce electricity consumption and accelerate the transition from foss
Electrical Equipment
Sunnyvale, CA
650 As of 2022
00000
00.00 0000-00-00
00000000000 00000

000000

amco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in r
0000000000 000000000
Urbandale, IA
000000000 -

000000

u fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in
0000000000 000000000
Goleta, CA
00 As of 0000
000.00
00000000000 000.00
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Turntide Competitors (12)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Energy Control Technologies Accelerator/Incubator Backed Urbandale, IA 000000000 -
Launchpoint Venture Capital-Backed Goleta, CA 00 000.00 00000000000 000.00
Protean Electric Formerly VC-backed Fareham, United Kingdom 00 00000 000000&0
Linear Labs Private Equity-Backed Fort Worth, TX 00 000.00 000000000000 000.00
WITTENSTEIN ( Machinery (B2B)) Corporation Igersheim, Germany 0000
You’re viewing 5 of 12 competitors. Get the full list »

Turntide Patents

  • 181

    Total Documents Applications and Grants

  • 000

    Total Patents Families

  • 132

    Granted

  • 23

    Pending

  • 000

    Expiring in next 12 mo

Turntide Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20230253904-A1 Noise reduction in switched reluctance motor with selective radial force harmonics reduction Active 06-Feb-2022 0000000000 0
US-11784599-B2 Noise reduction in switched reluctance motor with selective radial force harmonics reduction Active 06-Feb-2022 0000000000 0
US-20230163709-A1 Method for sensorless current profiling in a switched reluctance machine Pending 08-Apr-2020 0000000000 0
CA-3172458-A1 Method for sensorless current profiling in a switched reluctance machine Pending 08-Apr-2020 0000000000
EP-4133572-A1 Method for sensorless current profiling in a switched reluctance machine Inactive 08-Apr-2020 H02P25/089
To view Turntide’s complete patent history, request access »

Turntide Executive Team (18)

Name Title Board Seat
Steve Hornyak Chief Executive Officer & President
Ryan Morris Chief Executive Officer, Chairman & President
Michael Karim Chief Financial Officer & Chief Operating Officer
Allison Lackenbauer Director
You’re viewing 4 of 18 executive team members. Get the full list »

Turntide Board Members (12)

Name Representing Role Since
Christopher Rivest Breakthrough Energy Board Member 000 0000
Gordon Hunter Self Board Member 000 0000
John Bannon Self Board Member 000 0000
Kim Kolt For Good Ventures Board Member 000 0000
Richard Linder Self Board Member 000 0000
You’re viewing 5 of 12 board members. Get the full list »

Turntide Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Turntide Investors (30)

Investor Name Investor Type Holding Investor Since Participating Rounds
Big Sky Partners Venture Capital Minority 000 0000 000000 0
Climate Investment Venture Capital Minority 000 0000 000000 0
CPP Investments Limited Partner Minority 000 0000 000000 0
Jordan Wolfe Angel (individual) Minority 000 0000 000000 0
Kim Kolt Angel (individual) Minority 000 0000 000000 0
You’re viewing 5 of 30 investors. Get the full list »

Turntide Investments & Acquisitions (11)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Royal De Boer 02-Dec-2022 0000000000 Other Commercial Products
David Energy 28-Mar-2022 00000 0000 000.00 Business/Productivity Software
AVID Technology (Electrical Equipment) 30-Jun-2021 0000000000 Electrical Equipment 0000 0000
BorgWarner (Engineering Technical Center Business) 08-Jun-2021 0000000000 Electrical Equipment 0000 0000
Hyperdrive Innovation 08-Jun-2021 Merger/Acquisition Electrical Equipment 0000 0000
You’re viewing 5 of 11 investments and acquisitions. Get the full list »

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Turntide Subsidiaries (2)

Company Name Industry Location Founded
VES-Artex Electrical Equipment Chippewa Falls, WI 2008
Royal De Boer Other Commercial Products Leeuwarden, Netherlands 0000
To view Turntide’s complete subsidiaries history, request access »

Turntide Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
CattleEye 05-May-2021 0000 00000 00.000 Completed
  • 4 buyers
Encycle 30-Apr-2021 Later Stage VC 00.00 Completed
  • 4 buyers
To view Turntide’s complete exits history, request access »

Turntide FAQs

  • When was Turntide founded?

    Turntide was founded in 2013.

  • Who is the founder of Turntide?

    Trevor Creary, Mark Johnston, and Piyush Desai are the founders of Turntide.

  • Who is the CEO of Turntide?

    Steve Hornyak and Ryan Morris are the CEOs of Turntide.

  • Where is Turntide headquartered?

    Turntide is headquartered in Sunnyvale, CA.

  • What is the size of Turntide?

    Turntide has 650 total employees.

  • What industry is Turntide in?

    Turntide’s primary industry is Electrical Equipment.

  • Is Turntide a private or public company?

    Turntide is a Private company.

  • What is the current valuation of Turntide?

    The current valuation of Turntide is 00.00.

  • What is Turntide’s current revenue?

    The current revenue for Turntide is 00000.

  • How much funding has Turntide raised over time?

    Turntide has raised $488M.

  • Who are Turntide’s investors?

    Big Sky Partners, Climate Investment, CPP Investments, Jordan Wolfe, and Kim Kolt are 5 of 30 investors who have invested in Turntide.

  • Who are Turntide’s competitors?

    Energy Control Technologies, Launchpoint, Protean Electric, Linear Labs, and WITTENSTEIN ( Machinery (B2B)) are some of the 12 competitors of Turntide.

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