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Alice Technologies Extends Funding Series B Round To Access $47M In Capital

Apr 11, 2023•over 2 years ago

Round Type

series b

Menlo ParkInformation Technology

Investors

Rising TideMerus CapitalFuture VenturesMeta PlanetJll SparkGrids CapitalGaingelsBouyguesVanedge CapitalBridge BankSwire Properties

Description

ALICE Technologies announced that it has extended its Series B funding round by an incremental $13 million with equity financing from Swire Properties, plus a term loan from Bridge Bank, bringing the total value of the Series B funding to $47 million to date. ALICE Technologies' construction optioneering platform helps general contractors and owners worldwide to leverage the power of artificial intelligence to plan, bid and build their large-scale industrial, infrastructure and commercial projects more efficiently and with reduced risk.

Company Information

Company

ALICE Technologies, Inc.

Location

1040 NOEL DRIVE

Menlo Park, California, United States

About

Introducing ALICE, the world's first artificial intelligence platform that understands construction. ALICE enhances your construction planning and scheduling abilities to help keep crews flowing on any size project – so you can build faster and cheaper. Working directly with your 3D BIM and using a simple rule-based system, ALICE explores millions of different schedule sequences and gives teams the power to answer “What If?” scenarios and completely reschedule in just minutes. ALICE is quickly disrupting the $7 trillion construction industry by changing the way construction projects are planned, scheduled, and managed – saving our clients millions of dollars on the most exciting construction projects on the planet.

FundzWatch™ Score

Medium Activity

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Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers