ICON has secured $200 million in Series D financing co-led by Baillie Gifford and funds managed by BlackRock, with participation from Capital Factory, CAZ Investments, Moderne Ventures, Moonshots Capital, Norwest, Overmatch, The Syndicate and Tiger Global, among others.
The financing will support the manufacturing and deployment of ICON’s robotic construction systems, the opening of a research and development facility in Austin, and the advancement of its next-generation construction technologies, including Titan and Olympus. The company also plans to expand operations across Texas; Florida; Washington, D.C.; and other U.S. markets.
The investment will support production of Titan, ICON’s multistory robotic construction system, at its Austin manufacturing facility. According to the company, the system is designed to reduce construction time for an average home by six weeks at a cost 40 percent below the national average.
ICON has built more than 270 homes and
