About ICON
ICON is a company based in Austin (United States) founded in 2017 by Jason Ballard and Evan Loomis. It operates as a Product-as-a-Service, and Direct-to-Consumer (D2C). ICON has raised $506.61 million across 10 funding rounds from investors including Citi, Emaar and NASA. ICON offers products and services including ICON Homes, Robots, and Materials. ICON operates in a competitive market with competitors including Mighty Buildings, Tvasta, Hyperion Robotics, Cobod and Aectual, among others.
- Headquarter Austin, United States
- Founders Jason Ballard, Evan Loomis
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Sectors
Real Estate & ConstructionTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Icon Technology, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$506.61 M (USD)
in 10 rounds
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Latest Funding Round
$56.17 M (USD), Series C
Jan 30, 2025
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Investors
Citi
& 32 more
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Employee Count
Employee Count
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Products & Services of ICON
ICON offers a comprehensive portfolio of products and services, including ICON Homes, Robots, and Materials. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Homes are built using advanced 3D printing technology.
Robots are utilized for innovative construction automation solutions.
Materials are developed for sustainable 3D printing construction.
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Funding Insights of ICON
ICON has successfully raised a total of $506.61M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $56.17 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series C — $56.2M
- First Round First Round
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series C - ICON | Valuation | Norwest Venture Partners , Tiger Global Management | |
| Nov, 2022 | Amount | Series B - ICON | Valuation | Austin Technology Incubator |
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| Feb, 2022 | Amount | Series B - ICON | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ICON
ICON has secured backing from 33 investors, including venture fund and institutional investors. Prominent investors backing the company include Citi, Emaar and NASA. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ICON
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ICON
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Icon Comparisons
Competitors of ICON
ICON operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mighty Buildings, Tvasta, Hyperion Robotics, Cobod and Aectual, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based 3D printing technology is utilized for construction professionals.
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| domain | founded_year | HQ Location |
Online platform for providing end to end solutions for construction 3D printing
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| domain | founded_year | HQ Location |
3D printing robots are developed for complex architectural structures.
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| domain | founded_year | HQ Location |
3D construction printers are provided for layer-by-layer building fabrication.
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| domain | founded_year | HQ Location |
3D-printed flooring systems are provided via robotic printers and software.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Icon
Frequently Asked Questions about ICON
When was ICON founded?
ICON was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is ICON located?
ICON is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of ICON?
Jason Ballard is the current CEO of ICON. They have also founded this company.
Is ICON a funded company?
ICON is a funded company, having raised a total of $506.61M across 10 funding rounds to date. The company's 1st funding round was a Series B of $185M, raised on Jul 20, 2018.
What does ICON do?
ICON is engaged in creating advanced construction technologies through intelligent machines. The company is involved in the residential construction sector, offering innovative 3D printing systems for building homes. Solutions provided by ICON include robotics and specialized materials for sustainable building practices. Additionally, ICON is committed to addressing social needs by providing affordable housing options and exploring applications in defense and space exploration sectors.
Who are the top competitors of ICON?
ICON's top competitors include Tvasta, Mighty Buildings and Hyperion Robotics.
What products or services does ICON offer?
ICON offers ICON Homes, Robots, and Materials.
Who are ICON's investors?
ICON has 33 investors. Key investors include Citi, Emaar, NASA, Wavemaker Partners, and Fifth Wall.