Alice Technologies, a Menlo Park, Calif.-based provider of a AI-powered construction simulation platform, raised $4.6 in convertible debt financing.
The round, which brings total funding to date to over $25m, was led by Future Venture.
The company intends to use the funds to further develop the product, build out the team and attract additional customers worldwide.
Led by Rene Morkos, founder and CEO, Alice Technologies provides an AI-powered construction simulation platform for companies around the world to generate scenarios and optimize resources for large-scale infrastructure and commercial projects. Alice works with construction leaders in the infrastructure, industrial, and commercial construction segments, such as Parsons, HDCC, and Kajima Corporation. Clients have used it to optimize more than $15B in construction projects in the last two quarters.