SK Holdings has led a series D round for Kinestral Technologies, which will use the capital to expand the manufacturing, sales and installations of its smart glass technology.

US-based smart glass developer Kinestral Technologies raised more than $100m yesterday in a series D round led by diversified conglomerate SK Holdings.

Alexandria Venture Investments, a subsidiary of life sciences real estate investment trust Alexandria Real Estate Equities, also contributed to the round, as did investment manager Capricorn Investment Group and venture capital firms 5AM Ventures and Versant Ventures.

Founded in 2011, Kinestral has developed a form of smart-tinting glass called Halio that can be integrated with existing building management and…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.