"Through construction optioneering, ALICE has a huge opportunity to change how capital projects are built worldwide," said Vincent See, General Manager of New Ventures and Digital Transformation, Swire Properties. "The ALICE platform gives general contractors and owners the ability to create thousands of potential construction schedules for a project in an afternoon, and to then run 'what if' analysis on the most promising options to determine how different choices or constraints affect projects outcomes. For an industry accustomed to developing construction plans with tools like Excel and P6, ALICE provides an entirely new level of capability. We see a big future for this company and are excited to help propel their growth."
"Customers worldwide are putting the ALICE platform to work on projects that range from tunnels to data centers, from high rises to oil and gas refineries," said ALICE CEO René Morkos. "As they expand the variety and number of projects on which they use ALICE, we must scale to meet demand. This additional financing from Swire Properties and Bridge Bank will help us to continue to build our team and product as we drive to make ALICE an industry standard."
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.
Read the press release here.
