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ICON, a builder of 3D-printed homes last valued around $2 billion, cuts about 25% of staff
ICON Technologies Inc., which builds homes using 3D printing, is laying off 114 people, according to a WARN letter filed with the Texas Workforce
Over the years, Austin-based ICON has raised over $450 million in funding from investors such as Tiger Global Management, Norwest Venture Partners, 8VC, and others. Then, in October 2021, ICON announced a partnership with Lennar, one of the nation’s largest homebuilders and an investor in the startup through its venture arm, LENx. An ICON spokesperson on Thursday told TechCrunch the company’s priority now is to accelerate the development of Phoenix, its line of multi-story 3D printers “and begin putting the robotic technology into the hands of builders.”
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