Soladigm Secures $30 Million Series C Equity Financing
December 14, 2010
Soladigm, based in Milpitas, Calif., announced today that it has secured $30 million in Series C equity financing. Combined with previously announced Mississippi state manufacturing financing and other arrangements, the funding will allow Soladigm to build and launch high-volume commercial operations and develop sales and marketing channels. The Series C equity funding, led by DBL Investors and Nano Dimension, includes GE unit GE Energy Financial Services as well as existing investors Khosla Ventures and Sigma Partners.
In related news, Cynthia Ringo, managing partner at DBL Investors, joined Soladigm’s board of directors.
“We are very impressed with Soladigm’s innovative technology and the strong capability of the team, along with the extraordinary milestones they have accomplished,” says Ringo. “Soladigm has achieved a number of breakthroughs, and is quickly making Dynamic Glass cost-competitive and scalable. We are excited to join this team to realize the exceptional energy and environmental impacts of this technology.”