Israeli ‘smart glass’ tech firm Gauzy buys French shading solutions company

Israeli sensible glass know-how supplier Gauzy introduced Tuesday that it has acquired a French firm to bolster its choices and develop into a number one, world options agency for mild management and shading system applied sciences.

The phrases of the acquisition deal for France-based Imaginative and prescient Techniques, a tier-one provider that develops shading options for the aeronautic, land transport, and marine industries, weren’t disclosed. However Gauzy concurrently introduced that it raised $60 million in a Collection D spherical with present traders reminiscent of Ibex, Olive Tree VC, Blue Purple Companions, Russian non-public fairness agency Waarde Capital, and Avery Dennison, a multinational maker of packaging options. New traders included US VC agency Walleye Capital, India’s 3A Capital, and German agency Davidson Capital.

Gauzy was based in 2009 by Eyal Peso, CEO, and Adrian Loffer, who serves as the corporate’s chief know-how officer. The Tel Aviv-based operation went on to develop liquid crystal glass panels, or sensible glass, to be used in a wide range of industries together with automotive, shopper electronics, development, dwelling home equipment and photo voltaic.

Its LCG (mild management glass) merchandise convey excessive know-how to glass, movies and different supplies, permitting for numerous purposes, together with controlling the transparency of home windows, making a window go from clear to frosted at a contact of a button, and creating optical blinds inside the glass for privateness and shading.

Gauzy has been working with numerous carmakers worldwide, together with Daimler, to combine its mild management glass applied sciences into their automobiles. It has operating partnerships with BMW, LG, automotive provider Brose, Imaginative and prescient Techniques, Texas Devices, and others on a variety of sunshine and shading merchandise, Peso beforehand informed The Occasions of Israel.

The brand new BMWi Imaginative and prescient present automotive incorporates sensible glass tech into the headlight programs by Israeli firm Gauzy. (Courtesy)

With the acquisition of Imaginative and prescient Techniques, Gauzy mentioned it plans to make inroads into the ADAS (Superior Driver Help System) trade, leveraging the French firm’s SafetyTech options that provide camera-based picture evaluation and monitoring programs, and customised designs for mild management and shading components. The options are relevant for personal, public, and industrial automobiles.

Gauzy mentioned mild management know-how can be utilized in ADAS “to cut back visible obstructions reminiscent of glare on the street, create security gates with on the spot on-demand privateness for public transport operators if there’s a perceived menace, and for top distinction switchable clear shows to speak security messages to the encompassing atmosphere.”

Imaginative and prescient Techniques has the most important world market share of cockpit shading options, and the mixed firm will intention to deal with core industries together with non-public and industrial aviation, marine, railway, bus and coach, and motorhomes, the corporate mentioned.

“A core motivation for this strategic acquisition is diversification, most notably marked with Gauzy’s growth into ADAS (superior driver help programs) and APAS (superior passenger help programs) merchandise,” mentioned Peso, who serves as Gauzy CEO. “Additional advancing ADAS and APAS options to include LCG applied sciences from a system-based method addresses a rising demand for safety-focused options within the transportation trade.”

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Gauzy co-founders Eyal Peso, proper, and Adrian Loffer. (Libby Inexperienced)

Carl Putman, Imaginative and prescient Techniques CEO mentioned the acquisition “offers rise to a global group, specialised in options that improve security and luxury in transportation and structure.”

This technique was made potential because of the progressive efforts made by each firms these previous few years, and to the visionary administration and strategic advertising method. As well as, excellent know-how within the area of nanomaterials mixed with high-level experience in integrating electronics and composite into full programs, will allow the event of a variety of personalized merchandise being the best-in-class in the marketplace.”

Gauzy employs near 500 individuals throughout 14 world places of work. The corporate reported income of $50 million throughout fiscal yr 2021.

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