Gauzy, an Israeli startup that develops light control nanotech and smart glass, has raised $60 million in a Series D round of investment led by IBEX, along with Olive Tree VC, Blue Red Partners, Waarde Capital, and Avery Dennison. The new investment will mostly be used to acquire France-based Vision Systems, which develops ADAS (Advanced Driver Assistance System) and shading solutions.
Founded in 2009, by CEO Eyal Peso and CTO Adrian Loffer, Gauzy is a vendor of material science, focused on developing, manufacturing, and marketing LCG® (light control glass) technology. The company boasts that it is the only one in the world working with two of the three active light control technologies, SPD and PDLC.
Gauzy says that its technology bridges the gap between science and people’s everyday lives as chemistry is paired with static transparent materials.
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Eyal Peso said, “As leaders in material science, Gauzy is committed to innovation that matters. A core motivation for this strategic acquisition is diversification, most notably marked with Gauzy’s expansion into ADAS (advanced driver assistance systems) and APAS (advanced passenger assistance systems) products. Further advancing ADAS and APAS solutions to incorporate LCG technologies from a system based approach addresses a growing demand for safety focused solutions in the transportation industry. We will be not only working towards systems that support drivers, but also passengers, occupants, and general users of our products across industries.”
Vision Systems CEO Carl Putman said of Gauzy’s takeover, “This alliance gives rise to an international group, specialized in solutions that enhance safety and comfort in transportation and architecture. This strategy was made possible thanks to the innovative efforts made by both companies those last few years, and to the visionary management and strategic marketing approach.”
to be used mainly to acquire France-based Vision Systems, which develops ADAS (Advanced Driver Assistance System) and shading solutions. Gauzy has developed LCG (light control glass) smart glass technologies with PDLC (polymer dispersed liquid crystal) and SPD (suspended particle device) that allow internal and external vehicle glass to be an active material that supports full shading and glare mitigation, temperature control, infotainment, advertising, and vehicle-to-vehicle and vehicle-to-pedestrian messaging.