View, Inc. Reports 2021 Financial Results: Revenue up 125% YOY

View, Inc. has announced financial results for the full year 2021 with record revenue of $74M exceeding the projected $65M to $70M. The 2021 revenue numbers also represent a 125% increase year over year. The company believes 2021 represents an inflection point in the business and broader market adoption of smart windows due to growing market awareness, repeat purchases from customers with large real estate portfolios, strong ASPs, and the company’s ability to increase value delivered per building square foot through its Smart Building Platform and Smart Building Technologies products.

2021 also marked a year of increased R&D spending at View with total spending of $93M an increase of 36% from 2020. View continues to invest in next-generation Smart Building Technologies to accelerate the digital transformation of buildings and successfully rolled out several new product lines, including View Immersive Experiences, View Sense, View Security Suite, and View Building Analytics. The View team also launched its Smart Building Platform in 2021, a full performance solution that includes a converged secure network infrastructure, Smart Glass panel, Smart Building Technologies and end-to-end deployment services. 

Dr. Rao Mulpuri, CEO of View tells BLDUP “From the very beginning, View’s journey has been one of industry transformation. Over the last thirteen years I’ve been building View, it's been about developing products, building our operations, and driving technological change in a risk-averse industry. The real estate industry has experienced minimal productivity gains over the last 100 years. Buildings consume 40% of energy and are a major contributor to climate change. They have also severely underserved the experience and wellbeing of the people inside them. While many saw this as a problem, we saw an opportunity to innovate and drive positive change.”

Marque projects in 2021 featuring View smart windows include 111 Wall Street in NYC & Avocet Tower in Bethesda. 111 Wall Street, a 25-story, 1.2 million-square-foot waterfront office tower in Manhattan’s Financial District, is the first property to receive funding through New York City’s recently launched C-PACE program, a financing structure that supports energy efficiency improvements. The 22-story, 370,000 square foot Avocet Tower has been designed with a focus on health & wellness with View smart windows allowing all-important natural light into every inch of the office space. As Dr. Rao Mulpuri, CEO of View points out, "Real Estate — the largest asset class in the world — is going through a once-in-a-lifetime transformation driven by four key trends: addressing climate change, improving the human experience in buildings, enhancing human health and well-being, and a digital transformation promising to make buildings more secure, efficient, connected, and productive. The combination of these trends creates a massive opportunity, and View is addressing all of them with its products.” 

Full details on the 2021 View, Inc. financial results can be found here.

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