NewsNovo
Austin-based Icon has secured a $200 million Series D financing round co-led by Baillie Gifford and funds managed by BlackRock, pushing the company's total funding to $700 million and its valuation to $1.4 billion.
The capital injection arrives as Icon transitions from building its own 3D printed communities to selling its construction technology to other developers, a shift that requires scaling its latest robotic systems.
The funding follows the commercial launch of the Titan multi-story robotic 3D construction system in March.
Unlike previous Icon technology, which was limited to single-story structures, the Titan is designed for vertical construction.
Keep reading