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Alice Technologies
Construction simulation software
- 21-100 employees
- B2B
- Artificial Intelligence
- Construction
- Real Estate
- Machine Learning
- SaaS
- Menlo Park, CA
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Company mission
To reduce the cost of construction by 25% globally.
Our take
Compared to other industries, the construction industry has struggled to increase its productivity, with only a 2.8% growth over the past 20 years. The industry faces several challenges, including low productivity rates, high costs, and an ageing workforce, which has limited its ability to keep up with other sectors.
Taking on these challenges is Alice Technologies, a California-based startup that helps construction companies leverage AI to plan, bid, and build large-scale capital projects more efficiently. Being the first artificial intelligence platform that understands construction, Alice has helped clients save millions of dollars, bringing much-needed innovative to the construction space.
Since its launch in 2013, Alice has achieved exceptional growth, expanding its operations in the US and into the Czech Republic, the UK, and India. The company's continued success has allowed it to secure significant funding to further accelerate its growth and expand its reach. With this funding, Alice is well-positioned to continue innovating and transforming the construction industry, bringing cutting-edge technology to new markets and further solidifying its status within the space.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Annual allowance for professional development
- Equity grant
- Generous parental and new-child bonding leave
- Unlimited vacation policy
- 100% employee medical, dental and vision coverage as well as access to a range of free mental health and well-being resources
- Monthly lunch allowance
Funding (last 2 of 6 rounds)
Apr 2023
$13m
SERIES B
Jun 2022
$30m
SERIES B
Total funding: $60.7m
This company has top investors
Leadership
René Morkos
(CEO)Currently an Adjunct Professor at Stanford University. Previously worked as an Automation Engineer at Consolidated Contractors and as the Head of R&D Slavenburg Netherlands.