Sage Electrochromics, which makes energy-saving glass, has received $20 million in funding from Good Energies, Bekaert, and Applied Ventures, the venture capital arm of Applied Materials.
The three also financed Sage in 2007. The company, based near Minneapolis, Minn., will use the new round of funding to expand into international markets, CEO John Van Dine said in a statement Tuesday.
For those unfamiliar with electrochromic glass, the dual-pane glass works literally with the flip of a switch.
When an electrical current is applied to the internal glass pane of the window, which is coated in microscopic layers of ceramic material, … Read more