ALICE Technologies announced that it has extended its Series B funding round by an incremental $13 million with equity financing from Swire Properties, plus a term loan from Bridge Bank, bringing the total value of the Series B funding to $47 million to date. ALICE Technologies' construction optioneering platform helps general contractors and owners worldwide to leverage the power of artificial intelligence to plan, bid and build their large-scale industrial, infrastructure and commercial projects more efficiently and with reduced risk.

ALICE Technologies is the creator of the world's first construction optioneering platform. Founded in 2013 based on research from Stanford University, ALICE helps contractors and owners to reduce risk and plan, bid, and build capital projects more efficiently. The company works with large customers in the infrastructure, commercial, and industrial construction segments, companies such as Bouygues, Align JV, Hawaiian Dredging Construction Company, and Implenia.