D.R. Horton invests in tech-focused builder that can 3D print a house in 24 hours
October 23, 2018 / Jeremiah Jensen
Construction tech company ICON and its Y-Combinator-backed nonprofit partner New Story, claim to have put up the first 3D-printed home in the U.S. in Austin. This feat and ICON’s 3D printing technology are turning heads, helping the company raise $9 million in its seed funding round. “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,” ICON Co-Founder and CEO Jason Ballard said in a statement. “We’re in the middle of a global housing crisis and making old approaches a little better is not solving the problem. We couldn’t be happier with the team of global investors who are supporting ICON in our belief that the homebuilding industry needs a complete paradigm shift,” Ballard added.