View Inc. is a company that develops and manufactures smart windows leveraging electrochromic technology. These windows utilize transparent circuit boards that allow the glass to dynamically tint itself, optimizing natural light and reducing the need for artificial lighting and HVAC systems. View's smart windows promise energy savings by automatically adjusting tint levels based on the sun's position, keeping rooms cooler during peak hours. The company's products can also serve as large digital screens for presentations or displaying information. As of March 2023, View's smart windows were installed in over 400 buildings across sectors like commercial real estate, hospitality, and aviation. The company generated revenues through the sale of its smart glass products to building owners and managers.
In May 2023, View settled fraud charges with the SEC related to misstating warranty costs by its former CFO in 2020-2021. The company had also disclosed material weaknesses in its financial reporting and internal controls as of December 2022. After being valued at USD 2 billion during its SPAC merger in 2020, View faced potential delisting warnings from Nasdaq and disclosed cash runout risks beyond September 2023 amid restructuring efforts. In March 2024, View was acquired by RXR Realty to resolve its capital structure issues, with RXR citing tax credits for dynamic glass products as a key factor.
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