Turntide announced in Mar. 2021 that it had raised $80 million from a group of investors including Jeff Bezos’s Amazon, Bill Gates’ Breakthrough Energy Ventures, and actor Robert Downey Jr.’s FootPrint Coalition Ventures. Keyframe Capital, Fifth Wall, and Capital Planet also contributed to the round. Previous Turntide investors have included Meson Capital, WIND Ventures, BMW, JLL Spark, and Tony Fadell’s Future Shape.
The startup’s total funding jumped to $180 million after the latest investment round. Turntide said it would use the new funding to expand production of its smart motors and accelerate the deployment of its recently acquired building automation software platform, Riptide.
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