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ICON TechnologiesInc . , which builds home using 3D printing process , is lay off 114 people , agree to a WARN varsity letter filed with theTexas Workforce Commission .
A voice for the company confirmed the news to TechCrunch , providing a affirmation that ICON had “ recently made a difficult conclusion to re - align ” its squad and team size “ to focus on our highest priorities and uphold to invest in our best maturation chance . ”
ICONwas establish in late 2017 and set in motion during SXSW in March 2018 with the first permitted 3-D - printed home in the U.S. That 350 - square - foot theater took about 48 hours ( at 25 % stop number ) to publish .
Over the years , Austin - based ICON has raised over $ 450 million in financing from investors such as Tiger Global Management , Norwest Venture Partners , 8VC , and others . At the time of its last wage increase in February of 2022 — a $ 185 million propagation of a Series B round — ICON ’s rating was said to be “ approaching $ 2 billion . ”
It is unidentified just how many employees ICON will have after the layoffs take lieu , which according to the letter , will occur on March 8 . The Austin Business Journalreportedthat ICON had about 400 employees “ at last count , ” so a layoff of 114 people would be more than 25 % of its hands . A spokesperson for the company said only that ICON had “ less than 400 employee ” prior to this men decrease .
At the prison term of its last raise , the startup tell it had delivered more than two dozen three-D - printed domicile and structures across the U.S. and Mexico . More than half of those house were work up for the homeless person or those in chronic poverty . For example , in 2020 , ICON delivered three-D - printed home in Mexico with non-profit-making mate New Story . It also completed a series of dwelling house serving the chronically homeless in Austin , Texas , with nonprofit Mobile Loaves & Fishes .
The inauguration broke into the mainstream housing market in early 2021 with what it said were thefirst 3D - print homes for salein the U.S. for developer 3Strands in Austin , Texas .
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Then , in October 2021 , ICON harbinger apartnership with Lennar , one of the state ’s large house-builder and an investor in the inauguration through its venture branch , LENx .
An ICON representative on Thursday told TechCrunch the company ’s anteriority now is to accelerate the exploitation ofPhoenix , its line of work of multi - story 3D printers “ and begin put the automatonlike engineering science into the hands of builder . ”
“ While our mission remains to develop these intelligent machines to build humanity ’s future tense , we will continue to plan and build a choice of central projects across residential , cordial reception , social / low-cost and those within the Department of Defense with a more streamlined team , ” the spokesperson added .
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