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ikon , which builds homes using 3D printing , has close on $ 56 million in Series C support cobalt - lead by Norwest Venture Partners and Tiger Global , the troupe has confirmed to TechCrunch exclusively .
The upgrade exemplify a first ending for the Austin - ground ICON , according to a spokesperson . subsist backer CAZ Investments , LENX , Modern Ventures , Oakhouse Partners , Overmatch Ventures also participate in the round . Additional financial backing of “ up to $ 75 million ” is contrive , accord to the representative .
ICON declined to reveal its raw valuation or comment on if the evaluation was an up , down or flat . The new Das Kapital infusion brings the startup ’s total raised to over $ 500 million . At the meter of its last acclivity in February of 2022 — a $ 185 million file name extension of a Series B round — ICON ’s evaluation was tell to be “ come near $ 2 billion . ”
Former Presidential nominee and Congressman Will Hurd , who has antecedently enthrone in ICON , has also joined the company ’s board of director .
base in tardy 2017,ICONlaunched during SXSW in March 2018 with the first permitted 3D - printed home in the U.S. That 350 - square - foot house took about 48 hours ( at 25 % speed ) to impress .
ICON plan to use its new capital mostly to “ fuel the development of”Phoenix , its line of multi - story 3D printer so that it can “ begin putting the robotic engineering into the hands of builders . ” The new robotic printer , the voice tell , let for multi - story construction using a new low carbon building material .
However , the fellowship is still building homes itself . ICON still plans to “ design and build a option of key projects across residential , cordial reception , societal / affordable living accommodations and those within the Department of Defense , ” the representative said .
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Over the years , ICON says it has 3D - printed nearly 200 homes and structure in the U.S. and Mexico “ across societal / affordable , market - rate residential , disaster relief housing , barrack and other complex body part for the U.S. Army , NASA and DoD. ” Some of those social structure include single - family homes for the stateless .
In January , the company confirmed that it wasletting go of 114 employee . At the metre , the company said it had “ recently made a difficult decision to re - align ” its team and squad size “ to sharpen on our highest priorities and go forward to invest in our best maturation opportunity . ” before long , it has about 200 employee .
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