ICON, the 3D printing home builder based in Austin, has successfully raised $56 million in Series C funding led by Norwest Venture Partners and Tiger Global. This first close signifies a further commitment to its mission of revolutionizing home construction. The startup plans to leverage this funding to advance its Phoenix multi-story printer project and continue its work in designing and building 3D-printed homes across various categories, including affordable housing and military structures. To date, ICON has 3D-printed nearly 200 structures in Mexico and the United States. The total funding raised by the company exceeds $500 million.
ICON plans to use its new capital mostly to "fuel the development of" Phoenix, its line of multi-story 3D printers, allowing builders access to advanced robotic technology.
A significant aim of ICON’s latest funding is to enhance its multi-story construction capabilities through innovative technology and low-carbon building materials.
The recent funding round brings ICON's total raised to over $500 million, enhancing its mission to revolutionize home building through 3D printing technology.
Founded in 2017, ICON has constructed nearly 200 3D-printed homes and structures, demonstrating its commitment to diverse housing solutions.
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