Turntide Technologies, Inc.
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Turntide Technologies, Inc. - overview
Established
2013
Location
Sunnyvale, CA, US
Primary Industry
Electronics
About
Based in California, US, and founded in 2013, Turntide Technologies, Inc. , formerly known as Software Motor Company, operates as an intelligent motor system maker. The company was founded by Ryan Morris. In March 2020, Turntide Technologies, Inc.
won a Gold from the 2020 Edison Awards for smart building solutions. In May 2024, BrainBox AI Inc. , a portfolio company of Investissement Québec, Sustainable Development Technology Canada, Export Development Canada, ABB Asea Brown Boveri Ltd. , Esplanade HealthTech Ventures and Desjardins Capital, acquired Turntide Technologies' Automation Division from SDCL Energy Efficiency Income, Climate Investment, FootPrint Coalition, Keyframe Capital Partners, Fifth Wall Ventures, CPP Investment Board, Monashee Investment Management, Breakthrough Energy Ventures, Suvretta Capital Management, CPP Investment Board, Captain Planet Foundation, Amazon, Wind Ventures, BMW i Ventures, JLL Spark and Meson Capital Partner Turntide Technologies, Inc.
provides a Smart Motor System designed around its switched reluctance motor (SRM) technology that can power anything, using a fraction of the energy of the legacy AC induction motors in 98% of the world’s machines. Turntide Technologies, Inc. will use the March 2021 funding to expand the development and production of its Smart Motor System and accelerate deployment and advance the development of Riptide. The company also plans to expand further into building automation by improving and extending its Building Operation System ("BOS") platform to office buildings, retail locations, and schools.
In June 2021, Turntide Technologies, Inc. will use the June 2021 funding to reduce carbon emissions in the commercial buildings, agriculture, and transportation industries.
Current Investors
Meson Capital Partners, JLL Spark, BMW i Ventures
Primary Industry
Electronics
Sub Industries
Electronic Components, Operating Systems (OS), Analytics & Performance Software
Website
www.turntide.com
Verticals
Big Data, Cloud Computing, IoT (Internet of Things), Manufacturing, Mobile Apps
Company Stage
Series C
Total Amount Raised
Subscriber access only
Turntide Technologies, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Royal De Boer Stalinrichtingen B.V. | - |
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Turntide Technologies, Inc. - employee data
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