Icon, the Austin-based 3D printed homebuilder, raised $200 million in a Series D funding round co-led by Baillie Gifford and BlackRock, valuing the company at $1.4 billion and bringing total funding to $700 million. The firm will scale its Titan multi-story robotic 3D construction system, which reduces building costs by 40% and construction time by six weeks. Icon expects four times revenue growth this year and is considering a future IPO. The company has received over $370 million in government contracts, including with NASA for Project Olympus to develop moon construction systems.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
