Home » ALICE Technologies secures $30m to optimise construction scheduling 

ALICE Technologies secures $30m to optimise construction scheduling 

by Sion Geschwindt
ALICE Technologies raises $30m to optimise construction scheduling

California-based construction tech company ALICE Technologies announced today that it has raised $30m (£24.6m) in a Series B funding round led by Vanedge Capital.

Additional new investors include Bouygues, Gaingels, GRID Capital, JLL Spark, and MetaPlanet, which joined the round alongside existing investors Future Ventures, Merus Capital, and Rising Tide.

René Morkos, ALICE Founder and CEO, said the fresh funding will be used to make new hires, continue its global expansion and product development, and cement ALICE as an “industry standard.”

ALICE Technologies’ AI-driven construction optioneering platform helps contractors keep complex projects on time and on budget.

Paul Lee, Managing Partner at Vanedge Capital, explains: “In an industry that accepts major cost and schedule overruns as the norm, ALICE Technologies is poised to transform the way the world builds.

“The ALICE platform gives general contractors the ability to easily explore construction choices and chart a path that best balances risk, time, and cost.

“This is a distinctive, high-growth business led by a uniquely qualified team, and we’re excited to support ALICE’s growth and success.”

In 2021, ALICE acquired new customers, such as Bouygues Construction and Skanska, and expanded its business with existing customers, such as Kajima and Shimizu. The company also grew its team both in the US and abroad.

Image: René Morkos, ALICE Founder and CEO (credit: ALICE)

Read next: Extracker raises $7m to streamline change orders in construction

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