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Construction design platform Alice Technologies bags fresh capital to expand


Alice Technologies, a startup developing software to help construction companies plan projects including bridges, tunnels, high-speed rail systems, and mixed-use towers, today announced that it raised $30 million in a Series B funding round led by Vanedge Capital with participation from Access Partners, Bouygues, Gaingels, GRIDS Capital, JLL Spark, and MetaPlanet. According to CEO René Morkos, the proceeds will help fuel hiring and product development.
Morkos, who cofounded Alice in 2013 based on research he conducted at Stanford while completing his Ph.D. program, sees three major problems in the construction industry. One, construction professionals are “aging out,” and their employers are losing significant expertise as they retire. Two, construction is a low- …

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