• ALICE Technologies

  Participated · Series B · Jun 2022

  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.

• Truecaller

  Participated · Series C · Oct 2014

  Truecaller, founded in 2009 and based in Stockholm, offers mobile communication apps providing caller-ID, spam protection and other smartphone solutions. Its core product identifies callers, blocks spam and delivers related smartphone features to users. The company has raised more than €70 million to date from investors including Atomico, Kleiner Perkins Caufield & Byers, Sequoia Capital and Open Ocean Capital. Zenith Venture Capital has invested 100 million Swedish Krona (just over €10 million) via a purchase of existing warrants and shares. The investment enables key employees to exercise warrants and become shareholders, which CEO Alan Mamedi said supports long-term sustainability. Zenith was founded last year by Tommy Jacobson and joins Truecaller's cap table through this transaction. Truecaller aggregates existing directory services and crowdsourced address-book data to help users find contacts and screen incoming calls. The platform indexes around 1.5 billion names and numbers and has shown rapid user growth, with reports of about 60 million monthly unique users and an updated figure of 85 million users. It offers spam-call filtering, integrations such as Twitter lookup, and has pursued acquisitions and advisors (including interest in MessageMe and involvement from MessageMe cofounder Arjun Sethi). Growth has been strongest outside the U.S., and past funding rounds have been used in part to expand its U.S. user base. Financially, Swedish filings show a net loss of roughly $2.3 million in 2013 and net sales of about $870,000. The company is based in Stockholm and also maintains operations in Silicon Valley. Truecaller is a mobile phone number verification directory that helps users identify incoming calls whether numbers are in their contacts or not. The app integrates third‑party data — including Yelp’s API — to verify business numbers, display Yelp ratings, and show whether Truecaller users have marked a number as spam. Truecaller has over 45 million users. The company has formed partnerships such as with Yelp and previously with Twitter in India to expand its directory and utility. Truecaller currently operates a freemium model but plans to move beyond freemium to promote businesses within the app. It recently raised a Series B to support expansion into the U.S. Truecaller provides a crowdsourced phone directory app and a free phone-number search on its website, available on Android, iPhone, BlackBerry, Symbian and Windows Phone. The service builds its directory from opt-in user-shared contacts and partnerships with white/yellow-pages companies. The company says it is experiencing exponential growth, which it leverages to improve coverage in markets lacking reliable directory services. Truecaller intends to use the new funding to expand its footprint in North America, Asia and the Middle East. The startup emphasizes user control, allowing users to opt in and unlist their numbers if they appear in the database. Truecaller was founded in 2009 and is based in Stockholm, Sweden.

No current team members are available.