Corning

About

Corning is a manufacturer of building materials including glass, ceramic, related materials and technologies, and more.

Corning,New York,United States
10001 - max
http://www.corning.com/

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $250M
Industries: Building Material,Electronics,Hardware,Life Science,Manufacturing,Telecommunications
Founded date: Jan 1, 1851
Number Of Employee: 10001 - max
Operating Status: Active
Stock Symbol: nyse:GLW
Legal Name: Corning Incorporated

Corning is a manufacturer of building materials including glass, ceramic, related materials and technologies, and more. It does have capabilities such as synergistic and versatile which allows the company to evolve to meet changing market needs and also helping their customers capture new opportunities in dynamic industries. The company manufactures and develops Gorilla Glass, which is used by many smartphone makers.

Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications, and life sciences. it also provides industry products including precision glass for advanced displays, connectivity solutions for state-of-the-art communications networks, clean-air technologies for cars and trucks, damage-resistant cover glass for mobile devices, and trusted products to accelerate drug discovery and delivery.

Corning was founded in 1851 and is headquartered in Corning, New York, United States.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$654M

Corning has raised a total of $654M in funding over 2 rounds. Their latest funding was raised on Jun 10, 2020 from a Grant round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 10, 2020	Grant	$204M	1	Biomedical Advanced Research and Development Authority (BARDA)	—	Detail
Sep 17, 2019	Post-IPO Equity	$250M	1	Apple	—	Detail
May 12, 2017	Post-IPO Equity	$200M	1	Apple	—	Detail
Jan 13, 1978	IPO	—	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

19

4

Corning has made 19 investments. Their most recent investment was on Sep 19, 2022, when BRELYON raised $15M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Sep 19, 2022 BRELYON	Series A	$15M	Consumer Electronics	—
Apr 7, 2022 DigiLens	Series D	$50M	Augmented Reality	—
Jan 31, 2022 3d Glass Solutions	Series B	$4M	Electronics	—
Sep 22, 2020 SigmaSense	Series A	$22M	Image Recognition	—
Jul 11, 2019 Luminar	Series Unknown	$100M	Automotive	—

Investors

Number of Lead Investors

Number of Investors

3

2

Corning is funded by 2 investors. Biomedical Advanced Research and Development Authority (BARDA) and Apple are the most recent investors.

Investor Name	Lead Investor	Funding Round
Biomedical Advanced Research and Development Authority (BARDA)	Yes	Grant
Apple	Yes	Post-IPO Equity

Employee Profiles

Number of Employee Profiles

43

Corning has 43 current employee profiles, including Board member Robert Cummings

Board member

Employee

Board member

Executive

Employee

Exits

Corning has had 7 exits. Corning most notable exits include View , Luminar

Date	Company Name	Exit Type	Industry
Mar 9, 2021	View	IPO	Internet of Things	Detail
Dec 3, 2020	Luminar	IPO	Automotive	Detail
Apr 11, 2013	CyOptics	M&A	Internet	Detail
Nov 11, 2009	Gemfire	M&A	Manufacturing	Detail
Feb 27, 2007	Picolight	M&A	Manufacturing	Detail

Acquisition

Corning has acquired 11 organizations. Their most recent acquisition was NZ Applied Technologies Corporation on Apr 24, 2000. They acquired NZ Applied Technologies Corporation for $150M.

Date Company Name	Industry	Acquisition Type	Price
Apr 24, 2000 NZ Applied Technologies Corporation	Electronics	acquisition	$ 150M	Detail
Nov 14, 2000 Photonics Technology Research Center	Semiconductor	acquisition	—	Detail
Sep 17, 2009 Axygen	Biotechnology	—	—	Detail
Jan 31, 2011 MobileAccess Networks	Enterprise	acquisition	$ 200M	Detail
Apr 10, 2012 Discovery Labware	Health Care	acquisition	$ 730M	Detail