Material science company Gauzy raises US$60m and acquires Vision Systems
Gauzy, a world leader in light control nanotechnologies and electrical systems applicable to smart glass, has acquired French-based Vision Systems – a flagbearer and leader in ADAS (Advanced Driver Assistance System) and shading solutions for the aeronautic, land transport and marine industries.
The acquisition of Vision Systems by Gauzy makes the Israeli-based company a world-leading provider of light control technologies, shading comfort management systems and ADAS solutions, from development through integration, across various industries.
This strategic endeavour is the culmination of a successful Round D of US$60m, including notable follow-on and new investors. Amongst the follow-on investors are the leader of this round, IBEX, along with Olive Tree VC, Blue Red Partners, Waarde Capital, and Avery Dennison. New investors include Walleye Capital, 3A Capital, Klirmark, and Davidson Capital.
With this acquisition, Gauzy will offer diversified products, wider global availability, increased production capacity, and high-end market penetration.
New to Gauzy’s product offering are ADAS technologies from the newly acquired industry-leading SafetyTech entity, including camera-based image analysis and monitoring systems, and innovative smart mirrors that are continuing to evolve from its legacy product to include light control elements, all applicable and personalized for private, public and industrial vehicles.
Gauzy is dedicated to continuing to develop the ADAS arena, integrating its trusted PDLC (polymer dispersed liquid crystal) and SPD (suspended particle devices) technologies into ADAS products and ecosystems.
Light control technology can be used in ADAS to reduce visual obstructions such as glare on the road, create safety gates with instant on-demand privacy for public transport operators if there is a perceived threat, and for high contrast switchable transparent displays to communicate safety messages to the surrounding environment.
Gauzy will continue to offer its flagship light control enabling technologies, including nanoparticle interlayers and hardware, via its existing and continuously growing distribution channel of over 70 certified partners and extensive portfolio of professional customers.