Combined Company Profile: View, Inc.
Headquarters
Milpitas, California, United States
Industry
Smart Glass, Smart Building Solutions
Founded
2007
Founders
Paul Nguyen & Mike Scobey
Company Evolution
Initially launched as eChromics, rebranded to Soladigm, and eventually adopted the name View, Inc. in 2012. Despite previously being public (2021-2024), View, Inc. transitioned to a private company status following a Chapter 11 bankruptcy reorganization in 2024.
Leadership and Management
- Howard Lutnick: Current Chair of the reorganized board of directors, appointed amid privatization efforts.
- Dr. Rao Mulpuri: Former CEO (2008-2024), pivotal in View's development and strategy execution, previously held executive roles at Novellus and engaged with the Silicon Valley Leadership Group.
- Rahul Bammi: Former Chief Business Officer (2016-2023), responsible for sales and business strategy, now President at Verdagy.
- Amy Reeves: Former Chief Financial Officer, announced resignation effective February 2024, previously Global Controller at Wright Medical Group.
Product and Technology Insight
View Smart Windows: Leveraging electrochromic (EC) technology, these windows offer adaptive tinting capabilities to improve energy efficiency and occupant comfort. Integrating AI and IoT, the technology operates on Microsoft Azure, allowing real-time environmental response and notifying building managers upon break detection. The smart glass is renowned for enabling energy savings up to 18% and is certified LEED/WELL, boasting clientele such as Google, Netflix, and Amazon.
Installations and Achievements: The company's technology has been adopted in hallmark projects, such as Overstock's headquarters and the Ontario Association of Architects' building. View was also a "Ecomagination Challenge" winner by General Electric, receiving a $3.5 million grant from the U.S. Department of Energy.
Financial Overview
- Key Investments: Gained major funding from SoftBank Vision Fund ($1.1 billion in 2018), Sigma Partners, and Khosla Ventures, among others.
- Recent Financial Challenges: Despite robust funding rounds, faced significant financial constraints, culminating in a Chapter 11 filing in 2024 due to a $350 million debt.
- Historical Funding Rounds: Included $60 million from Corning (2013), $100 million from Madrone Capital Partners (2014), $150 million from the New Zealand Super Fund (2015), and a $200 million round led by BlackRock (2017).
Competitive Landscape and Market Position
- Major Competitors: Faces competition from industry leaders like Saint-Gobain, AGC Inc., and Corning, contributing significantly to the global smart glass market.
- Market Dynamics: The smart glass market was valued at approximately $6.59 billion in 2023, with an expected compound annual growth rate (CAGR) of 9.9% by 2030.
Strategic Focus
View, Inc.'s strategic emphasis lies in advancing sustainability and energy efficiency through pioneering smart window solutions. They continue to lead in the smart building sector, integrating cutting-edge technology to enhance architectural functionality while minimizing carbon footprints.
Recent Company Developments
- Privatization and Reorganization: In an effort to address financial obligations, View is undergoing reorganization to solidify its market position.
- Operational Adjustments: Announced the layoff of 147 workers at the Olive Branch, Mississippi facility as part of restructuring efforts.
Online Presence
For detailed insights into products and further company information, visit [View's Official Website](https://view.com/).
