Alice Technologies provides a construction optioneering platform that leverages AI to help general contractors and owners plan, bid and build large-scale industrial, commercial, and infrastructure projects. The company works with customers such as Bouygues, Align JV, Hawaiian Dredging Construction Company, and Implenia. Led by CEO René Morkos, Alice is headquartered in San Francisco and also operates in the Czech Republic, the U.K., and India. The platform is aimed at improving planning and bidding efficiency across large projects. Alice says it will use the new financing to accelerate growth and expand operations. No operating metrics were disclosed in the article. Alice Technologies builds AI-driven construction planning software that generates thousands of project schedule options and enables rapid "what if" analyses for complex projects including bridges, tunnels, high-speed rail and mixed-use towers. The platform supports planning from pre-construction through delivery by optimizing labor, equipment and materials, digitizing contractors' "means and methods," and updating plans during execution to help prevent delays. Alice says its tools help contractors decrease build times, cut costs and protect margins by enabling more efficient schedules and better risk management. The company declined to reveal revenue or customer counts but says its software is in use at firms including Bouygues Construction, Skanska, Kajima and Shimizu. Founded in 2013 and based in Menlo Park, California, Alice has more than 50 employees and plans to hire 20 more by year-end. To date the startup has raised $76.2 million in venture capital. Alice Technologies is a Menlo Park, Calif.-based provider of an AI-powered construction simulation platform. The platform generates scenarios and optimizes resources for large-scale infrastructure, industrial, and commercial construction projects. The company works with construction leaders such as Parsons, HDCC, and Kajima Corporation, and clients have used it to optimize more than $15B in construction projects in the last two quarters. Alice raised $4.6 in convertible debt financing, bringing total funding to date to over $25m. The company plans to use the funds to further develop the product, build out the team and attract additional customers worldwide. Alice is led by founder and CEO Rene Morkos. Alice Technologies offers an AI-based simulation platform that analyzes building requirements and generates construction plans for builders and contractors. Its software lets project teams explore multiple plans in real time and assess the impact of decisions on project cost and duration. The company was led by founder and CEO Dr. Rene Morkos at the time of the article. Since its initial product release in early 2018, Alice has attracted developers and general contractors across Asia, the Nordics, the Middle East and North America. Customers using the platform include Hawaiian Dredging Construction Company, AF Gruppen and Parsons. The company raised $8M in Series A financing to accelerate go-to-market efforts, international expansion and product innovation.

Total raised

$56M

Funding rounds

5

Latest round

Series B

Latest activity

Apr 2023