Construction Technology Platform Alice Raises $30 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">MENLO PARK<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; Construction technology platform <u>ALICE Technologies<&sol;u> has raised a <span class&equals;"xn-money">&dollar;30 million<&sol;span> funding round led by Vanedge Capital&period; Additional new investors include Bouygues&comma; Gaingels&comma; GRIDS Capital&comma; JLL Spark&comma; and MetaPlanet&comma; which joined the round along with existing investors Future Ventures&comma; Merus Capital&comma; and Rising Tide&period;<&sol;p>&NewLine;<p>ALICE Technologies&&num;8217&semi; construction optioneering platform helps large contractors plan&comma; bid and build complex infrastructure and commercial projects more efficiently and with reduced risk&period;<&sol;p>&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>Large general contractors worldwide – companies such as Bouygues&comma; Kajima&comma; and Skanska – use ALICE to help them plan and manage complex projects such as bridges&comma; tunnels&comma; high speed rail systems and mixed-use towers&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>&&num;8220&semi;Rooted in generative construction and powered by AI&comma; the ALICE platform is bringing capabilities to general contractors that traditional solutions simply cannot match&comma;&&num;8221&semi; said ALICE Founder and CEO René Morkos&period; &&num;8220&semi;This Series B funding round will fuel the aggressive hiring&comma; global growth&comma; continued product innovation&comma; and sales and marketing expansion required to make ALICE an industry standard&period;&&num;8221&semi;<&sol;p>&NewLine;<p>ALICE customers use the platform on key projects from preconstruction through project delivery&period; During preconstruction&comma; contractors use ALICE for &&num;8220&semi;optioneering&&num;8221&semi; – to explore the scenarios that make the most efficient use of project resources &lpar;labor&comma; equipment&comma; and materials&rpar; and to test the impact of changes in key variables on project outcomes&period; For example&comma; a manager might use ALICE Precon to determine if it makes sense to add a third crane to a project&period; The rigorous use of ALICE to create and test options enables customers to submit the precise&comma; well-tested bids they need to win profitable business&period; During the execution phase&comma; contractors then use ALICE Manage to keep their projects on time and on budget&period; If circumstances change – as they inevitably do on most construction projects – customers can then use ALICE to quickly update project plans and recover from project delays&period;<&sol;p>&NewLine;<p>&&num;8220&semi;In an industry that accepts major cost and schedule overruns as the norm&comma; ALICE Technologies is poised to transform the way the world builds&comma;&&num;8221&semi; said <span class&equals;"xn-person">Paul Lee<&sol;span>&comma; Managing Partner at Vanedge Capital&period; &&num;8220&semi;The ALICE platform gives general contractors the ability to easily explore construction choices and chart a path that best balances risk&comma; time and cost&period; This is a distinctive&comma; high-growth business led by a uniquely qualified team&comma; and we&&num;8217&semi;re excited to support ALICE&&num;8217&semi;s growth and success&period;&&num;8221&semi;<&sol;p>&NewLine;<p>In 2021&comma; ALICE Technologies said it grew its ARR by 270&percnt;&period; It acquired notable new customers&comma; such as Bouygues Construction and Skanska&comma; and expanded its business with existing customers&comma; such as Kajima and Shimizu&period; ALICE also grew its team both in the U&period;S&period; and abroad&period;<&sol;p>&NewLine;<&sol;div>&NewLine;