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Secondary marketplace / Explore private companies / Turntide Technologies IPO
Turntide Technologies

Turntide Technologies IPO

$825.86MM
Series Junior Valuation, Jun 2023
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Turntide Technologies IPO date and status

2013
Founded
IPO Mentioned
Confidential Filing
S-1 Filed
IPO

Company details

Turntide Technologies (formerly known as Software Motor) was founded in 2013 by Piyush Desai, Mark Johnston, and Trevor Creary. The company has not publicly endorsed plans to participate in an IPO.

Turntide is a sustainable technology company. The company supports carbon emission reduction projects across various industries, including construction, agriculture, and transportation. Turntide Technology's products include a Smart Motor and electric HVAC system. The company has raised more than $400 million in venture capital funding from investors including Canadian Pension Plan Investment Board, Monashee Capital, JLL Spark, Breakthrough Energy Ventures, and Suvretta Capital Management. The company announced a $1 billion valuation after an $80 million fundraising round in 2022.

These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Sector
Founded
2013
Headquarters
Sunnyvale, CA, United States
Founder
Piyush Desai
Forge Price 1
Price not yet available
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$825.86MM
Total Funding
$217.7MM
Last Funding Round
Series Junior

Learn more about Turntide Technologies

To invest in Turntide Technologies pre-IPO

Can you invest in Turntide Technologies pre-IPO?

Turntide Technologies is privately held and not traded on public markets, so pre-IPO investments are available only to accredited investors.

If you’re already accredited and have completed Forge’s verification, you can visit our marketplace to review and invest in private companies ahead of an IPO.

If you haven’t yet completed your accredited investor verification with Forge, you can start that process now to unlock access to new private-company offerings.

For more on who qualifies—and how to get verified—see our blog “Accredited investors, qualified clients and qualified purchasers: Who can invest?

Can you sell shares of Turntide Technologies before it goes public?

Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while Turntide Technologies is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform.

If you’d like additional guidance at any point, Forge private market specialists are available to help. For a step-by-step overview, check out our seller’s guide.

What is the pre-IPO value of my Turntide Technologies shares?

To explore the value of your Turntide Technologies shares, create a free account to access Forge’s marketplace. Once inside, you’ll find several pricing insights to help guide your decision—these include historical transaction data, a live order book showing current buy and sell interest, and Forge Price™, a derived, indicative price based on recent transactions, investor activity, and other relevant market data.

These insights can help you determine a price you’re comfortable with if you choose to sell your shares. If you’d like additional guidance along the way, Forge private market specialists are available to help. You can also review our seller’s guide for a step-by-step overview.

Is Turntide Technologies a publicly traded company?

Turntide Technologies is a private company and not publicly traded.

If you’re interested in buying or selling shares in private companies, you can register with Forge today for free to explore available opportunities. Once registered, you’ll gain access to our marketplace, where you can view active buy and sell interest, evaluate pricing signals and take action directly through the platform.

To learn more about Turntide Technologies potential IPO

Will Turntide Technologies go IPO?

Turntide Technologies has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2025.

What is Turntide Technologies’ IPO price?

The Turntide Technologies IPO price does not exist at this time, as Turntide Technologies is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Turntide Technologies, register for Forge today.

When was Turntide Technologies founded?

Turntide Technologies was founded in 2013.

What is Turntide Technologies funding to date?

Turntide Technologies has raised $217.7MM to date.

Turntide Technologies major investors

Bmw I Ventures
Fifth Wall
For Good Ventures
Future Shape
Meson Capital Partners
National Science Foundation
New Ground Ventures
Ogci Climate Investments
Prime Movers Lab
Wells Fargo Innovation Incubator

Turntide Technologies pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
06/27/2023 Series Junior $125.63MM $1.26 $825.86MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
100,000,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
06/27/2023 Series D-1 $92.07MM $0.46 $825.86MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
200,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
0.9x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors

Turntide Technologies IPO news and media highlights

How Wells Fargo is slashing HVAC energy use more than 70% with a simple building retrofit

Wells Fargo tested energy-saving HVAC motors from Turntide Technologies, achieving 70-80% reductions in power consumption. The startup's switched reluctance motors adjust speeds based on conditions, slashing HVAC electricity use. Wells Fargo sees potential for significant energy savings by deploying the technology across its facilities.

Turntide Technologies Presented With the Queen's Award for Enterprise for Its Innovative Hyperdrive Battery Technology

Turntide Technologies ("Turntide"), developer of breakthrough electrification and sustainable operations technologies, was presented with the Queen's Award for Enterprise, Innovation for its Hyperdrive battery system.

Turntide Technologies Launches Global Channel Partner Program With Partners Across Three Continents

Turntide Technologies (“Turntide”), developer of breakthrough electrification and sustainable operations technologies, today announced the launch of its new global channel partner program.

Climate tech firm Turntide hits 'unicorn' status after $80 mln funding

U.S.-based Turntide Technologies, which aims to help energy-intensive industries cut carbon emissions, has hit "unicorn" status after its latest $80 million funding round, its chief executive told Reuters.
Browse More Insights

Private companies exploring an IPO

See which private companies are preparing for the public market. Register to get full access to the latest secondary market pricing data.

Sector: Energy
Subsector: Energy Efficiency
Trade Metrics Last Funding Round
Company Forge Price Last Matched Round Post-Money Valuation 3 Price Per Share Amount Raised
Fervo EnergyFervo EnergyNot available$ xx.xxSeries E-1$2.86B$8.17$443.98MM
Sion PowerSion PowerNot available$ xx.xxSeries A-2$425.6MM$1.42$62.5MM

Private market movers

Track trading activity and investor momentum across thousands of private companies. Register to view last matched prices and additional transactional details.

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Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx

Artificial Intelligence (AI)

Company Forge Price Market Activity Last Matched
Anthropic Anthropic $259.14 -$13.84 (5.07%)High $xxx.xx
OpenAI OpenAI $723.12 +$0.12 (0.02%)High $xxx.xx
Anduril Anduril $114.78 +$9.78 (9.31%)High $xxx.xx
Databricks Databricks $197.72 +$0.06 (0.03%)High $xxx.xx
Groq Groq $29.77 -$0.01 (0.03%)High $xxx.xx

Forge, your trusted partner for pre-IPO insights and Turntide Technologies data

Forge is the trusted platform for buying and selling pre-IPO shares. Investors and shareholders worldwide rely on our deep data insights, liquidity solutions, and tailored investment opportunities to navigate the private market. Register to get started.

Updated on: Jul 16, 2025

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  5. Actively traded companies are companies with a high market activity with the highest post-money valuation in the same sector.

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