Soladigm grabs another $10M to make smart glass

February 16, 2011

Smart glass company Soladigm, Milpitas, Calif., has raised an additional $10 million in equity financing on top of its previously announced $30 million third-round funding. The compnay manufactures electrochromic glass that automatically adjusts tint, which can reduce visual glare and cut cooling and heating costs for commercial buildings. It’s a product that fits well in the energy efficiency and building controls sectors, which are both expected to do well this year.  The company says its windows can reduce heating and cooling usage by 25 percent and peak load by 30 percent in commercial buildings, according to a Feb. 15 GreenBeat report.

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