Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Subscribe to the Crunchbase Daily

Turntide Technologies raises $225M for smart motors

Sunnyvale, California-based Turntide Technologies, developer of a self-described smart motor system that it says consumes significantly less energy than rivals, raised $220 million in convertible note financing.

Major backers in the financing include Canada Pension Plan Investment Board, Monashee Investment Management, and JLL Spark. The investment brings Turntide’s total financing to $400 million.

Founded in 2013, Turntide markets its technology toward multiple industries, including commercial buildings, agriculture and transportation, as a way to  reducing carbon emissions.

— Joanna Glasner

Gaming and entertainment

Turkey’s Dream Games raises $155M: Istanbul-based gaming studio Dream Games raised $155 million in Series B funding led by Index Ventures and Makers Fund. The funding comes a few months after the release of the startup’s hit game Royal Match.

Public offerings

Taboola completes SPAC merger: Online advertising unicorn Taboola is set to begin trading on Nasdaq under the ticker symbol TBLA. The company went public through a merger with a SPAC, ION Acquisition Corp. 1.

— Joanna Glasner