Bekaert Provides Series B Funding for SAGE

Bekaert was among three major investors recently providing SAGE Electrochromics Inc. with $16 million in Series B preferred round funding. SAGE, a provider of commercially viable, energy-saving electrochromic smart window products, also has provisions for an additional investment of $13 million.

Other investors include: Good Energies, a leading investor in renewable energy, and Applied Ventures LLC, the venture capital arm of Applied Materials Inc.

SAGE Electrochromics was founded in 1989 to focus solely on the development and commercialization of electrochromic technology for the window industry.

Good Energies is a leading investor in the renewable energy industry and a member of COFRA Group, a privately owned group of companies.

Applied Ventures LLC invests in early-stage companies with high growth potential pursuing technologies that provide a natural extension to Applied Materials Inc.'s core business and innovations.

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