# Turntide Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/turntide-technologies

- Industry: Electronics
- Headquarters: Sunnyvale, US
- Website: www.turntide.com
- Total disclosed funding: $195M
- Latest round: Series C (Jun 15, 2022)
- Investors on record: 13

## 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.

## Funding rounds

- Series C, Jun 15, 2022, $80M — CPP Investment Board, SDCL, BMW i Ventures, Meson Capital Partners, Breakthrough Energy Ventures, Fifth Wall Ventures, JLL Spark, Keyframe Capital Partners, Amazon, FootPrint Coalition, Climate Investment
- Series A, Sep 24, 2020, $59M — BMW i Ventures, Meson Capital Partners, Build Collective, JLL Spark, Amazon, WIND Ventures
- Series A, Jan 21, 2020, $25M — BMW i Ventures
- Series A, Jun 25, 2019, $31M — Meson Capital Partners, JLL Spark

## Investors

- Meson Capital Partners — Series A, Series C
- JLL Spark (https://capitalatlas.ai/funds/jll-spark) — Series A, Series C
- BMW i Ventures (https://capitalatlas.ai/funds/bmw-i-ventures) — Series A, Series C
- Build Collective (https://capitalatlas.ai/funds/build-collective) — Series A
- Amazon (https://capitalatlas.ai/funds/amazon) — Series A, Series C
- WIND Ventures (https://capitalatlas.ai/funds/wind-ventures) — Series A
- CPP Investment Board — Series C
- SDCL (https://capitalatlas.ai/funds/sdcl) — Series C
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series C
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Series C
- Keyframe Capital Partners — Series C
- FootPrint Coalition (https://capitalatlas.ai/funds/footprint-coalition) — Series C
- Climate Investment (https://capitalatlas.ai/funds/climate-investment) — Series C