Israeli smart glass, material science and nanotechnology company Gauzy has raised a Series C financing round from Hyundai Motor Company, Blue Red partners VC, and Avery Dennison. No financial details were disclosed but a source close to the deal told "Globes" that $10 million has been raised.
The Tel Aviv-based company has been collaborating with companies to integrate Gauzy’s LCG (light control glass) technologies, including SPD (suspended particle device) and LC (Liquid Crystal), into the serial production of various type of products. Both technologies allow for dynamic and user-controlled light control. SPD provides the ultimate light control solution - comfortable, safe, and energy efficient. LC technologies are used for privacy, solar reflection, and displays that turn transparent for smart mobility solutions.
