Smart glass company US-based Soladigm, a manufactured of 'smart' glass, has reportedly raised an additional $10M in equity financing on top of its previously announced $30M third-round funding. New investors for the company are The Westly Group & Navitas Capital for the oversubscribed round, which was led DBL Investors & Nano Dimension & included investment from GE, Khosla Ventures & Sigma Partners. Soladigm is a manufacturer of electrochromics glass that automatically adjusts tint, therefore reducing visual glare & cutting cooling & heating costs for commercial buildings. According to the company, its windows can reduce heating & cooling usage by 25% & peak load by 30% in commercial buildings. In 2010, the company announced a total of $60M in financing, along with a strategic partnership with GE, after being named one of the winners in its Ecoimagination challenge & opening a manufacturing facility, with plans to commercialize its product in the first quarter of 2012. Others companies are also starting to enter the tinted glass sector. For example, Saint-Gobain invested $80M in Sage, a smart glass company with a $72M conditional loan guarantee from the government for manufacturing facility in Minnesota in 2010.
