View, a company which specializes in creating something called dynamic glass, raised a ton of new capital Thursday to fund their specialized windows that can change tint in response to weather conditions or smartphone commands.
The company announced a raise of $150 million in funding Thursday. Those participating in the round included NZ Super Fund, Corning Incorporated, Madrone Capital Partners and others.
The company has already raised nearly $500 million to date.
The team will be utilizing the new funding to “continue product development, advance the growth of our manufacturing capabilities, as well as accelerate our sales, distribution and marketing efforts,” according to View VP of Marketing Brett Murray.
View further described its product in a press release:
View Dynamic Glass maximizes natural light and unobstructed views while reducing heat and glare. Unlike traditional glass, View Dynamic Glass tints automatically in response to outdoor conditions or from a mobile device, providing greater occupant comfort and energy savings without ever compromising the view.
“We have successfully developed and brought to market a new technology that enhances people’s lives,” Murray told TechCrunch. “We’ve seen rapid adoption and desire for this product but the real gratification for us has been seeing and interacting with our happy customers.”
View specified in the release that its windows have already seen “more than 100 installations across North America with an additional 100 underway in various commercial markets such as corporate offices, healthcare, government, higher education, and hospitality.”
“The strong, positive reaction from our initial customers is driving increased market acceptance and this financing will help us expand our capabilities to meet the growing market demand,” View CEO Dr. Rao Mulpuri said in a press release.