Event
Icon Completes $200 Million Series D Funding at a $1.4 Billion Valuation
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Icon, an Austin, US-based 3D-printed housing company, announced on October 13 that it had completed a $200 million Series D funding round, co-led by Baillie Gifford and a fund under BlackRock, among others, bringing cumulative funding to $700 million and a valuation of $1.4 billion. The round follows its Titan multi-story robotic 3D construction system, which was commercialized in March this year and expands building capability from single-story to multi-story. According to Icon, Titan can shorten the average home construction cycle by six weeks, reduce the number of workers and lower overall costs by 40%.
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- BlackRock and Baillie Gifford Lead Icon's $200 Million Series D for 3D-Printed Homes
Icon, an Austin-based 3D-printed housing company, announced on October 13 that it closed a $200 million Series D round co-led by Baillie Gifford and funds under BlackRock, bringing its cumulative funding to $700 million at a valuation of $1.4 billion. The round follows its Titan multi-story robotic 3D construction system, which was commercialized in March this year and extends its previous capability of building only single-story structures to multiple stories. According to Icon, Titan can shorten the average home construction timeline by six weeks, reduce the number of workers needed, and lower overall costs by 40%.
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