Smart window maker raises $1B to meet rising demand
Based on electrochromism, the company’s windows are digital, connected, and can be controlled from anywhere – letting in the optimum amount of natural light, reducing glare and heat, and improving the energy efficiency of buildings by up to 20 percent. The increasing demand for such smart windows, says the company, comes as companies increasingly recognize the benefits of modernizing their work environments to improve the health and productivity of their employees.
“We are excited to have this strong endorsement of our vision from SoftBank,” says Dr. Rao Mulpuri, CEO of View, Inc. “This investment enables us to scale our business to meet rapidly growing demand, and further expand our mission: creating delightful human environments that are more intelligent, more connected and more personalized than ever before.”
Tom Cheung, Partner at SoftBank Investment Advisers, adds, “We believe that View has created an entire new market category that makes buildings healthier and smarter. They are reinventing the way we create building spaces by putting the well-being of occupants first.”
The company’s Dynamic Glass is currently installed in 35 million square feet of buildings. The investment, says the company, will help it further expand production and deployment capabilities, and accelerate product innovations.
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