View, a US-based dynamic glass producer backed by conglomerate General Electric, is hoping to raise $100m from unnamed investors, according to Wall Street Journal.
In January 2015, the cleantech company secured an initial $28.7m of a planned $75m late-stage venture round. General Electric’s unit GE Capital, as well as glass manufacturer Corning, and Khosla Ventures participated in a $60m round in 2013.
In total, the company has picked up approximately $440m in combined debt and equity. View’s remaining backers include data storage company Seagate, DBL Investors, NanoDimension, Navitas Capital, Reinet Investments, Sigma+ Partners and Westly Group.
GE Energy Financial Services, another division of General Electric, meanwhile contributed to a $40m series C round in 2011.
Launched in 2007, the company was originally known as Soladigm and has developed smart glass that can be tinted automatically depending on the level of light outside or manually adjusted via a smartphone. The glass both eliminates the need for window coverings and helps reduce energy bills by letting the optimal amount of light through.