When was Turntide founded?

Turntide was founded in 2013 and became a unicorn in 2022, reaching the milestone in 9 years. It raised its 1st funding round 3 years after its incorporation.

Where is Turntide located?

Turntide is headquartered in Sunnyvale, United States. It is registered at Sunnyvale,California.

How many employees does Turntide have?

As of Jun 30, 2026, the latest employee count at Turntide is 199.

Is Turntide a funded company?

Turntide is a funded company, having raised a total of $535M across 12 funding rounds to date. The company's 1st funding round was a $225K Grant (prize money) round, raised on Jul 01, 2016.

How much is Turntide worth?

The latest valuation of Turntide is $1B as of Jun 30, 2021.

When was the latest funding round of Turntide?

Turntide's latest funding was a $80M Series D round on Jun 15, 2022, with participation from 5 investors.

Is Turntide a Energy Efficiency Tech company?

The primary sector of Turntide is Energy Efficiency Tech.

Where does Turntide rank among its competitors?

Turntide ranks 1st amongst 8 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Chara, which secured $6.2M in Feb, 2025.

Who are the top competitors of Turntide?

Turntide's top competitors include Chara, QM Power and Virtual Forest. Among them, Chara secured the most recent funding round in February, 2025.

Turntide - 2026 Company Profile, Team, Funding & Competitors

Turntide is a series D company based in Sunnyvale (United States), founded in 2013 by Ryan Morris, Piyush Desai and Mark L Johnston. It operates as a Provider of smart energy management solutions. Turntide has raised $535M in funding from investors like Meson Capital, BMW i Ventures and JLL Technologies, with a current valuation of $1B. The company has 8 active competitors, including 5 that are funded. Its top competitors include companies like Chara, QM Power and Virtual Forest.

Sectors and market segments that Turntide operate in

Turntide serves in the Energy Tech, Environment Tech, Sustainability Tech market segments.The primary business model of Turntide are:

Company Details

Provider of smart energy management solutions. It leverages computing and software control solutions with switched reluctance motor technology for space conditioning and refrigeration energy costs and has the capability to use energy only when it is needed. It also uses programmable IoT controls that facilitate maintenance savings and provides integration with existing building systems.

Website: turntide.com
Social
Email ID: *****@softwaremotor.com
Phone Number: +1 **********
Registered Address: Sunnyvale,California

Key Metrics

Founded Year

2013

Location

Sunnyvale, United States

Stage

Series D

Total Funding

$535M in 12 rounds

Latest Funding Round

Series D, Jun 15, 2022, $80M

Post Money Valuation

$1B as on Jun 30, 2021

Investors

Meson Capital & 28 more

Ranked

1^st among 8 active competitors

Employee Count

199 as on Jun 30, 2026

Investment & Acquisitions

David Energy & 5 more

Similar Companies

Chara & 6 more

View Turntide's full profile

Turntide is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SOFTWARE MOTOR COMPANY CIN: 464565816 , Belgium, Active	Dec 31, 1999	-	73 (As on Dec 31, 2022)	-
Turntide Technologies Inc. CIN: 46-4565816 , United States, Active	Dec 25, 2013	-	35 (As on Dec 31, 2024)	-
TURNTIDE TRANSPORT LIMITED CIN: 13289543 , United Kingdom, Active	Mar 23, 2021	£10M - £50M (As on Dec 31, 2024)	2 (As on Dec 31, 2024)

Turntide has raised a total funding of $535M over 12 rounds. Its first funding round was on Jul 01, 2016. Its latest funding round was a Series D round on Jun 15, 2022 for $80M. 5 investors participated in its latest round. Turntide has 29 institutional investors.

Here is the list of recent funding rounds of Turntide:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 15, 2022	$80M	Series D	-	-	-	OGCI, SEEIT, Fifth Wall, Climate Investment, Captain Planet LP
May 23, 2022	$10.6M	Series C	-	-	-	SEEIT
Jun 30, 2021	$225M	Series C	$1B	-	CPP Investments	Monashee Investment Management, Breakthrough Energy, Suvretta Capital Management, JLL Technologies

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View details of Turntide's funding rounds and investors

The founders of Turntide are Ryan Morris, Piyush Desai and Mark L Johnston. Steven Hornyak is the CEO of Turntide.

Here are the details of Turntide's key team members:

Ryan Morris: Former Co-Founder of Turntide. They serve on the board of 1 company.
Piyush Desai: Former Co-Founder of Turntide.
Mark L Johnston: Co-Founder of Turntide.
Steven Hornyak: CEO of Turntide.
Contact Info: 1 email address

Turntide's Board of Directors

Turntide's board has 14 active members. Nilesh Patel, Kim Kolt, Shvetank Jain, Ryan Morris, Mark Johnston, Chris Rivest, Richard Linder, Greg Smithies, Robert Flohr, Prith Banerjee, John Bannon, Shventank Jain, Gordon Hunter and Sergey Polikarpov are independent board members.

Here is the list of Turntide's board of directors:

Name	Type	Representing	Status	Duration
Nilesh Patel	Independent board member	-	Current	5y 7m
Kim Kolt	Independent board member	-	Current	5y 7m
Shvetank Jain	Independent board member	-	Current	8y 8m
Ryan Morris	Independent board member	-	Current	8y 8m
Mark Johnston	Independent board member	-	Current	8y 8m
Chris Rivest	Independent board member	-	Current	5y 7m
Richard Linder	Independent board member	-	Current	7y 5m
Greg Smithies	Independent board member	-	Current	5y 4m
Robert Flohr	Independent board member	-	Current	8y 0m
Prith Banerjee	Independent board member	-	Current	5y 9m
John Bannon	Independent board member	-	Current	8y 8m
Shventank Jain	Independent board member	-	Current	8y 0m
Gordon Hunter	Independent board member	-	Current	8y 8m
Sergey Polikarpov	Independent board member	-	Current	5y 4m

View details of Turntide's Founder profiles and Board Members

Turntide's employee count trend

Turntide has 199 employees as of Jun 26. Here is Turntide's employee count trend over the years:

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Top competitors of Turntide include Chara, QM Power and Virtual Forest. Here is the list of Top 10 competitors of Turntide, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Turntide 2013, Sunnyvale (United States), Series D	Provider of smart energy management solutions	$535M	MDB4L Capital, CPP Investments & 27 others	70/100
2nd	Chara 2019, Bengaluru (India), Series A	Manufacturer of rare-earth free motor systems and intelligent motor controllers	$11.9M	Kalaari Capital, Exfinity Venture Partners ... & 7 others	57/100
3rd	QM Power 2006, Kansas City (United States), Series C	Provider of energy efficient motor	$16.1M	DOE, U.S Army & 6 others	53/100
4th	Virtual Forest 2019, Bengaluru (India), Seed	Provider of advanced motor control and embedded electronics solutions	$674K	Napino, Precog Innovation & 9 others	49/100
5th	Magnomatics 2006, Sheffield (United Kingdom), Series A	Manufacturer of energy-efficient motors and magnetic gear systems	$6.94M	IP Group, Finance Yorkshire & 3 others	42/100
6th	Tinental 2019, Bastiglia (Italy), Unfunded	Provider of AI-powered set-point optimization for motor-driven industrial machinery	-	-	21/100
7th	Jeco Energies 2022, Herentals (Belgium), Late Stage	Provider of energy, automation, rental, and service solutions for industries	-	NPM Capital	21/100
8th	Mdppowertech Bhopal (India), Unfunded	Provider of scalable power systems for industrial, commercial, and residential use	-	-	16/100

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Turntide has made 2 investments in companies including David Energy and Cattle Eye. Turntide has also acquired 4 companies including AVID Technology Group and Hyperdrive Innovation.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 28, 2022	Investments	David Energy	2016	Brooklyn (United States)
Sep 14, 2021	Investments	Cattle Eye	2019	Belfast (United Kingdom)
Jun 30, 2021	Acquisition	AVID Technology Group	2004	Cramlington (United Kingdom)