Soladigm, a Milpitas, California-based developer of next-generation green building solutions designed to improve energy efficiency, has secured $30m in Series C equity financing.
The funding will allow the company to build and launch high-volume commercial operations and develop sales and marketing channels.
The round was led by DBL Investors and Nano Dimension, with participation from GE (NYSE:GE) unit GE Energy Financial Services and existing investors Khosla Ventures and Sigma Partners.
In conjunction with the financing, Cynthia Ringo, Managing Partner at DBL Investors, joined Soladigm’s Board of Directors.
Led by CEO Dr. Rao Mulpuri, Soladigm has developed a window technology, which electronically switches glass from clear to tinted, enabling control of heat and glare. It is designed to reduce HVAC energy usages by 25-30%.