ICON, developer of advanced construction technologies spanning from robotics, to software, and building materials, has completed a $35M series A funding round of financing led by Moderne Ventures. Among the series A round investors is Bjarke Ingels Group (BIG). 

"We believe additive manufacturing will play a transformative role in the future of construction and with our investment and partnership with ICON we can contribute actively to this ongoing transformation," said Bjarke Ingels, BIG's Founder and Creative Director in a statement. "The design industry has become revolutionized through the adoption of Computer Aided Design and Building Information Management...Robotic manufacturing will enable us to eliminate the loss in translation from data to matter and allow us to fabricate homes at great speed, with less waste, and with higher accuracy than today."

ICON's new round of funding will equip the company to accelerate the development of its 3D printers, create more home types, and improve its core technology stack. Back in 2018, ICON unveiled its first printer, using it to print a home in Austin, Texas. Last year, the group's growth continued with its launch of its Vulcan technology stack and the delivery of new projects in the US and Mexico.

"In early 2018, there were no 3D-printed homes in North America and today, there are almost twenty and we're gearing up for hundreds more," said Jason Ballard, Co-founder and CEO of ICON in a statement. "We anticipate more high-velocity progress in the years ahead to help bring housing and construction into the modern world and in-line with humanity's highest hopes. The present challenges the world is facing due to new coronavirus have only emphasized the tremendous gap between the housing that we have and the housing that we need."

As a result of this round of funding, the tech start-up will be expanding their team with roles across robotics, off-planet construction, materials science, software engineering, architecture, building science, and operations.