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ICON Raises $ 9 Million to Create Affordable 3D Printed Houses

Published on November 6, 2018 by Michelle J.
ICON

Remember the American startup based in Texas: ICON? Now the company has presented their project of 3D printed houses, created in few hours and at an unbeatable price. ICON has just announced that a fundraising effort raised $ 9 million. The money will help develop its technology. As well as help pursue its goal of offering sustainable and affordable homes in just 24 hours to fight the housing crisis.

3D printed building projects are growing faster and faster, although most of them are only in the test phase. Many builders announce an effect from the arrival of 3D printed houses but beware of the authenticity of their ads. For example, the projects of Cazza Construction to build a 3D printed skyscraper raises many questions today. So when we saw that the startup ICON had raised $ 9 million, we wanted to know more about its ambitions on the long term.

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ICON wants to fight the housing crisis thanks to 3D technologies

Last March, the ICON team claimed to have developed a method for 3D printing a 55 square meter home in less than 24 hours for a total of $ 4000. They had a building permit in Austin, Texas, where they created a first prototype. Today they want to start building several affordable homes. The funds received should enable them to perfect the technology developed as well as the materials used.

Co-founder and CEO of the American startup, Jason Ballard, says, “It’s our mission at ICON to re-imagine the approach to homebuilding and construction and make affordable, dignified housing available to everyone throughout the world, We’re in the middle of a global housing crisis and making old approaches a little better is not solving the problem. The homebuilding industry needs a complete paradigm shift.”

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The three co-founders of ICON (photo credits: Amold Wells)

The next step for ICON is to carry out strategic projects in the United States and abroad. This includes continuing its work with the New Story Association. A second iteration of its 3D printer named Vulcan is expected to be unveiled in 2019. The startup also said it wanted to expand its team with the recruitment of technical profiles in robotics, materials and software.

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The interior of the 3D printed house.

This project will be closely monitored to see if the technology developed by ICON can make a difference in the construction market. In the meantime, you can visit the official website of the startup to learn more about the 3D printing process or watch the video below:

What do you think of the ICON startup project? Let us know what you think in a comment below or on our Facebook and Twitter pages! Don’t forget to sign up for our free weekly Newsletter, with all the latest news in 3D printing delivered straight to your inbox!

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