View Receives $100 Million Investment for Dynamic Glass
View Inc. received a $100 million investment from Madrone Capital Partners, which will enable the company to accelerate growth, expand market presence and serve the broadening customer base for View Dynamic Glass, according to a Jan. 7 company release. Madrone Capital Partners is a Menlo Park, Calif., firm specializing in growth capital investments. Thomas Patterson, co-founder and general partner of Madrone, has joined View's board of directors.
"This investment...signals a huge leap forward for View," said Dr. Rao Mulpuri, CEO of View, in the release. "The scale of this investment and the backing from a firm with the financial strength of Madrone represents a strong endorsement of our progress and the future opportunity."
Since launching the first large-scale commercialization of dynamic glass in November 2012, View has installed more than 50 projects at corporate campuses, educational institutions, government buildings, hotels and hospitals across North America, according to the release.