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.