Icon, an Austin, Texas-based developer of advanced construction technologies including robotics, software and building materials, raised $207M in series B financing.
The round, which brought total funding since launching its technology to $266m, was led by Norwest Venture Partners with participation from 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures and Oakhouse Partners. In conjunction with the funding, Jeff Crowe, Managing Partner at Norwest Venture Partners, joined Icon’s Board of Directors.
Led by Jason Ballard, Co-founder and CEO, Icon develops advanced construction technologies using proprietary 3D printing robotics, software and advanced materials. To date, the company has delivered more than two dozen 3D-printed homes and structures across the U.S. and Mexico.
In early 2021, the company put the first 3D-printed homes for sale in America for developer 3Strands. Most recently, Icon launched its Vulcan construction system and debuted its new Exploration Series of homes to cooperatively develop new design languages and architectural vernaculars with world-class architects. The first home in the series, “House Zero,” was optimized and designed specifically for 3D printing and features an elevated architectural and energy efficient design that highlights the benefits of resiliency and sustainability only found in homebuilding through 3D printing. Additional projects are underway to deliver social housing, disaster relief housing and mainstream housing, in addition to developing construction systems to create infrastructure and habitats on the moon and eventually Mars with NASA.
FinSMEs
25/08/2021