View Dynamic Glass Secures More FinancingJune 27th, 2017 by Editor
View recently completed a financing round of over $200 million, including a $70 million investment from funds and accounts managed by BlackRock, which manages $5.4 trillion in assets globally.
“We are delighted to be supported by BlackRock, who recognizes View’s potential to transform the real estate industry,” said View CEO Rao Mulpuri. “View is now installed across 20 million square feet of buildings and continues to experience tremendous growth across commercial offices, healthcare, education, multi-family residential and airports. This investment enables us to scale our operations to meet rapidly growing demand.”
View electrochromic glass enables building owners to improve occupants’ comfort and productivity while boosting energy efficiency and advancing connected buildings. The company says it has more than 350 completed commercial installations and another 150 in progress.
“Building developers and their tenants are increasingly embracing the benefits of smart glass and recognize the differentiated value of View’s innovative technology and manufacturing processes,” said said David Trucano, portfolio manager, BlackRock Global Credit team. “We are excited about View’s ability to leverage its strong foundation and harness its momentum to grow the business globally.”