What is SageGlass?
Founded in 1989 and headquartered in Faribault, Minnesota, SageGlass specializes in electrochromic glass, offering advanced tintable glass solutions for windows, skylights, and curtain walls. This technology allows for dynamic control over light and heat transmission, enhancing building performance and occupant comfort. The company's focus on innovative glass solutions positions it within the smart building materials sector, catering to the growing demand for energy-efficient and responsive architectural components.
How much funding has SageGlass raised?
SageGlass has raised a total of $21.2M across 3 funding rounds:
Unspecified
$195K
Series B
$16M
Debt
$5M
Unspecified (1999): $195K with participation from NYSERDA
Series B (2007): $16M led by Bekaert and Applied Materials
Debt (2009): $5M, investors not publicly disclosed
Key Investors in SageGlass
Bekaert
Bekaert is a global leader in steel wire transformation and coatings, with a broad industrial reach. Their investment in SageGlass likely signifies an interest in advanced materials and innovative construction technologies that leverage their core competencies.
Applied Materials
Applied Materials is a major provider of manufacturing equipment, services, and software for the semiconductor and display industries. Their participation suggests a strategic alignment with advanced material science and manufacturing processes relevant to SageGlass's technology.
NYSERDA
The New York State Energy Research and Development Authority (NYSERDA) supports clean energy and innovation. Their backing of SageGlass highlights the company's contribution to energy efficiency and sustainable building solutions.
What's next for SageGlass?
The recent major strategic investment suggests SageGlass is poised for accelerated growth and market expansion. This capital infusion is likely to fuel further research and development into next-generation electrochromic technologies, enhance manufacturing capabilities, and broaden its sales and distribution networks. The company's trajectory indicates a strong emphasis on scaling its operations to meet increasing demand for intelligent building envelopes, solidifying its position as a leader in the dynamic glass market.
See full SageGlass company page
