{"id":167696,"date":"2020-11-18T15:49:02","date_gmt":"2020-11-18T15:49:02","guid":{"rendered":"http:\/\/facfox.com\/news\/?p=167696"},"modified":"2020-11-18T15:49:02","modified_gmt":"2020-11-18T15:49:02","slug":"icon-raises-35-million-for-construction-3d-printing-tech-construction-3d-printing","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/icon-raises-35-million-for-construction-3d-printing-tech-construction-3d-printing\/","title":{"rendered":"ICON raises $35 million for construction 3D printing tech Construction 3D Printing"},"content":{"rendered":"

ICON, a construction 3D print<\/a>ing<\/a> specialist based in Austin, Texas, has raised $35 million through a Series A funding round led by Moderne Ventures. The infusion of capital brings the promising young company\u2019s total investments to $44 million (it raised $9 million in a seed funding round in 2018). The funding will support the company as it continues to develop its 3D print<\/a>ing<\/a> technology, design and build innovative 3D print<\/a>ed homes and advance its mission to provide cost-efficient and eco-friendly housing.<\/p>\n

ICON is certainly one to watch in the construction AM sector. The young American firm printed its way into the spotlight in 2018 when it unveiled its first Vulcan 3D print<\/a>er and printed a home in Austin, Texas. Since that iconic day, the company has advanced its 3D print<\/a>ing<\/a> technology, introducing a next-gen Vulcan system and signing on to home building projects in Mexico (in collaboration with New Story) and the United States. In the U.S., ICON is working with Austin nonprofit Mobiles Loaves & Fishes to build homes for the chronically homeless at Community First! Village, and with the Defense Innovation Unit and United States Marine Corps to train marines to use its technology.<\/p>\n

3D print<\/a>ed homes in Austin, Texas for the Community First Village (Photo: Regan Morton Photography)
\n 3D print<\/a>ed interior of Community First Village in Austin, Texas (Photo: Regan Morton Photography) <\/p>\n

The $35 million investment will enable the company to not only continue to pursue these existing projects but to accelerate the development of its technology, while expanding its team and coming up with new 3D print<\/a>ed house designs. The company has also hinted that more part<\/a>nerships are in the pipeline.<\/p>\n

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The Series A funding round was led by Moderne Ventures, and ICON has also appointed the VC firm\u2019s Founder and Managing Part<\/a>ner Constance Freedman to its Board of Directors. Khan Tasinga, Director at Palantir Technologies is also joining the board.<\/p>\n

\u201cTraditional building and construction techniques have not improved since B.C., they have only become more expensive,\u201d said Constance Freedman<\/span>, Founder and Managing Part<\/a>ner at Moderne Ventures. \u201cThe results are vast deltas in affordability, limitations on design and both time and efficiency challenges. I believe we will see an evolution of the entire home-buying value chain, especially when integrated with other technologies like digital transactions and augmented reality. Consumers will be able to order, build, design and purchase a brand-new home in a matter of days \u2013 something that\u2019s truly innovative and truly disruptive. We are excited to support ICON as it continues to change the world.\u201d<\/p>\n

The funding round also saw investments from international architecture<\/a> firm BIG-Bjarke Ingels Group, CAZ Investments, Citi, Crosstimbers Ventures, Ironspring Ventures, Next Coast Ventures, Oakhouse Part<\/a>ners, Trust Ventures, Vulcan Capital and Wavemaker Part<\/a>ners.<\/p>\n

3D print<\/a>ed homes in Mexico, in collaboration with New Story
\n (Photo: Regan Morton Photography) <\/p>\n

\u201cIn early 2018, there were no 3D print<\/a>ed homes in North America<\/span> and today, there are almost twenty and we\u2019re gearing up for hundreds more,\u201d said Jason Ballard<\/span>, Co-founder and CEO of ICON. \u201cWe anticipate more high-velocity progress in the years ahead to help bring housing and construction into the modern world and in-line with humanity\u2019s highest hopes. The present challenges the world is facing due to new coronavirus have only emphasized the tremendous gap between the housing that we have and the housing that we need. We are grateful to those who have believed in our mission from the beginning and are excited to have a larger team of global investors joining us in our belief that the housing of our future must be different than the housing we have known.\u201d<\/p>\n

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You might also like:<\/h5>\n

Grotto Fa\u00e7ade reimagines built environments with 3D printing: <\/a>Germany-based Sandhelden was founded in 2014 and specializes in sand 3D printing. Back in 2018, we spoke to the company\u2019s Head of Design Carlos del Castillo Gonz\u00e1lez about a new market they were tapping into: bathroom washbasins. The company has apparently not limited itself in scope, however, as its latest endeavor goes in a whole new direction.<\/p><\/blockquote>\n

* This article is reprinted from 3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n

<\/i> Author: Tess Boissonneault<\/p>\n","protected":false},"excerpt":{"rendered":"

ICON, a construction 3D printing specialist based in Austin, Texas, has raised $35 million through a Series A funding round led by Moderne Ventures. The infusion of capital brings the promising young company\u2019s total investments to $44 million (it raised $9 million in a seed funding round in 2018). The funding will support the company as it continues to develop its 3D printing technology, design and build innovative 3D printed homes and advance its mission to provide cost-efficient and eco-friendly housing.<\/p>\n","protected":false},"author":3,"featured_media":184164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/facfox-upload.oss-us-east-1.aliyuncs.com\/image\/2020\/11\/BRrqUz.jpg","fifu_image_alt":"","footnotes":""},"categories":[204],"tags":[815],"class_list":["post-167696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-architecture","tag-construction-3d-printingmoney-funding"],"yoast_head":"\nICON raises $35 million for construction 3D printing tech Construction 3D Printing - FacFox News<\/title>\n<meta name=\"description\" content=\"ICON, a construction 3D printing specialist based in Austin, Texas, has raised $35 million through a Series A funding round led by Moderne Ventures. 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