ALICE Technologies Raises $8M to Transform Construction Planning with AI-Powered Simulations
KAJIMA CORP UNSP/ADR (KAJMY)
NASDAQ:AMEX Investor Relations:
kajima.co.jp/english/ir/index.html
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Source: PR Web
SAN FRANCISCO (PRWEB) October 29, 2019 ALICE Technologies, the world's first AI-based simulation platform for construction, today announced that it has closed $8M in Series A funding led by Merus Capital with participation from Foundamental, Blackhorn Ventures and Lightspeed Venture Partners. The new funds will be used to accelerate the company's go-to-market plans, international expansion and product innovation. Current construction planning software does not allow construction companies to optimize and analyze the complex flows of labor, equipment and materials throughout a job site, leading to projects plagued by consistent cost overruns and unexpected delays. ALICE solves this problem by leveraging artificial intelligence to analyze a project's building requirements and generate highly efficient construction plans. Using ALICE, project teams now have the ability to explore a variety of building plans in real-time and better understand the impact of key construction decisions on
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