2 AI-based construction platforms receive millions in funding

Once considered futuristic, artificial intelligence has been made more accessible and integral to contractors in recent years by several burgeoning startups, through programs such as OpenSpace and Smartvid.io. Adding to the list of firms making inroads in construction technology, two other artificial intelligence-powered companies offering digital solutions for construction managers announced new rounds of funding this month: Alice, an AI-based simulation platform for construction, announced yesterday that it has closed $8 million in Series A funding round led by Merus Capital with participation from Foundamental, Blackhorn Ventures and Lightspeed Venture Partners.

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