Turntide

Turntide

Develops energy-efficient solutions for transportation and agriculture

About Turntide

Simplify's Rating
Why Turntide is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Food & Agriculture

Energy

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$490.8M

Headquarters

Sunnyvale, California

Founded

2013

Overview

Turntide focuses on energy efficiency and sustainability by developing solutions for various sectors, particularly transportation and agriculture. In transportation, they collaborate with Hitachi to create hybrid rail systems, utilizing their expertise in cell chemistry and battery integration to electrify trains. In agriculture, their product, the Intelligent Barn, combines hardware and software to enhance the welfare of dairy animals and improve farm operations while minimizing environmental impact. Unlike many competitors, Turntide partners with other companies to retrofit existing systems, creating a new ecosystem that helps clients, including energy service companies and manufacturers, reduce energy consumption and improve sustainability. The company's goal is to provide effective energy-efficient solutions that contribute to a more sustainable future.

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Simplify's Take

What believers are saying

  • Expansion into India opens new markets in a growing economy.
  • Recognition by COP28 enhances Turntide's brand reputation and client attraction.
  • New modular battery pack strengthens position in the commercial EV market.

What critics are saying

  • Expansion into India may face regulatory challenges affecting operational efficiency.
  • Loss of Automation Division to BrainBox AI may reduce competitive advantage.
  • Partnerships with FridgeWize and Copec may not achieve expected market penetration.

What makes Turntide unique

  • Turntide's Smart Motor System reduces global electricity waste by 25%.
  • Partnerships with Hitachi and others enhance Turntide's market reach in transportation.
  • Intelligent Barn optimizes dairy farm operations, improving sustainability and efficiency.

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Funding

Total Funding

$490.8M

Above

Industry Average

Funded Over

7 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-4%

2 year growth

0%
ForexTV
Jan 14th, 2025
Turntide Technologies Integrates UK Operations and Expands into India

Turntide Technologies integrates UK operations and expands into India.

Financial Post
Dec 4th, 2024
Turntide Technologies Launches Strategic Partnerships with FridgeWize and Copec for Turntide's Smart Motor SystemTM

Turntide Technologies launches strategic partnerships with FridgeWize and Copec for Turntide's Smart Motor systemtm.

GlobeNewswire
May 29th, 2024
Brainbox Ai Acquiert La Division Automatisation De Turntide Technologies

MONTRÉAL, 29 mai 2024 (GLOBE NEWSWIRE) -- BrainBox AI, une entreprise pionnière en technologies d’IA autonome et générative pour les bâtiments commerciaux, annonce aujourd’hui sa récente acquisition de la division Automatisation de Turntide Technologies (Turntide). Cette transaction renforce sa position de leader du secteur des solutions d’optimisation basées sur les capacités de calcul infonuagiques et pilotées par l’IA pour l’environnement bâti. Cette acquisition permet à BrainBox AI de créer encore plus de valeur aux portefeuilles immobiliers et commerciaux à travers le monde et ce, en complémentant l’offre actuelle de l’entreprise avec une gamme plus complète de fonctions de gestion des bâtiments. L’accord de coopération pour l’acquisition de l’unité d’automatisation de Turntide jette les bases d’une future collaboration entre les deux entreprises spécialisées dans le domaine de la lutte au changement climatique. « À la suite de cette transaction, la division Automation se positionne pour avoir une portée encore plus importante sur le marché en s’ajoutant à la gamme croissante de solutions de BrainBox AI pour l’environnement bâti », a déclaré Mark Cox, PDG par intérim de Turntide Technologies. L’unité commerciale Automation a connu une forte croissance sous la direction de Turntide

GlobeNewswire
May 29th, 2024
Brainbox Ai Acquires Automation Division Of Turntide Technologies

MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- BrainBox AI, a pioneer in autonomous and generative AI building technology, today announces its latest acquisition of the Automation Division of Turntide Technologies (Turntide). The market move furthers its position as the industry leader dedicated to cloud-based, AI-driven optimization solutions for the built environment. This purchase expands BrainBox AI’s ability to bring even further value to real estate and retail portfolios across the world by enhancing the company’s current offering to a more comprehensive suite of building management features. The cooperative agreement to acquire Turntide’s Automation business unit lays the foundation for future collaboration between the climate focused companies. “Following a successful transaction, the Automation division is poised to make an even greater impact in the market as part of BrainBox AI’s growing array of solutions for the built environment.” said Mark Cox, Interim CEO at Turntide Technologies. The Automation business unit has grown extensively under Turntide’s stewardship

Yahoo Finance
May 14th, 2024
Turntide Technologies Unveils Turntide Whitehaven: The Next Generation Low Voltage Inverter

Sunnyvale, CA, May 14, 2024 (GLOBE NEWSWIRE) - Turntide Technologies, a trailblazer in sustainable energy solutions, proudly announces the launch of Turntide Whitehaven, the sixth and most advanced high-performance version in its inverter portfolio to date.

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