Alice Technologies, a San Francisco, CA-based provider of a construction optioneering platform, extended its Series B by an incremental $13M in equity financing.
The round, which brought the total amount of the Series B to $47M, was led by Swire Properties, plus a term loan from Bridge Bank.
The company intends to use the funds to accelerate growth and expand operations.
Led by CEO René Morkos, Alice provides a platform that helps general contractors and owners to leverage AI to plan, bid and build their large-scale industrial.
The company works with customers in the infrastructure, commercial, and industrial construction segments, including companies such as Bouygues, Align JV, Hawaiian Dredging Construction Company, and Implenia. Headquartered in the U.S., Alice also has operations in the Czech Republic, the U.K., and India.
This financing extends the company’s Series B round that ALICE announced in June of 2022, and which was led by Vanedge Capital. Additional new investors included Bouygues, Gaingels, GRIDS Capital, JLL Spark, and MetaPlanet, which joined the round along with existing investors Future Ventures, Merus Capital, and Rising Tide.
FinSMEs
12/04/2023