The Ukrainian investment syndicate TOLOKA has announced a new deal — an investment in ALICE Technologies, a Silicon Valley startup that developed the world’s first generative construction simulator. The syndicate shared the news with Scroll.media.

• The investment amount has not been disclosed. However, according to Scroll.media, TOLOKA’s recent deals have ranged between $1 million and $1.3 million. This time, the investment is reportedly even larger.
• ALICE Technologies operates in a sector that aligns closely with TOLOKA’s strategic focus — ConstructionTech and AI.

The global construction market is valued at $14.5 trillion, while the AI in construction market is projected to grow from $3.9 billion in 2024 to $22.6 billion by 2032 (a 24.5% CAGR). Today, ALICE is used to manage construction projects worldwide worth more than $115 billion.

About ALICE Technologies

ALICE is an AI-powered SaaS platform that enables construction companies to simulate multiple project execution scenarios, optimizing for time, cost, and resources, hundreds of times faster than traditional tools. On average, the platform helps save $12.1 million per $100 million project and reduces construction time by 128 days. By leveraging generative AI, ALICE revolutionizes the planning and execution of large-scale infrastructure and industrial projects.

Founded in 2015 by Dr. Rene Morkos, ALICE Technologies represents a paradigm shift in construction planning. Morkos’ mission is to equip the industry with AI-based generative planning tools that reduce risks and improve the efficiency of capital project execution.

TOLOKA’s Perspective

«Artificial intelligence is no longer just ‘taking over the world’ — it’s starting to solve real, pressing problems in traditional industries. ALICE is exactly that kind of company. This isn’t just another hyped startup with a slick presentation, but a real, working solution that helps manage the three hardest variables in large-scale construction: budget, schedule, and time. Their technology lets you simulate thousands of scenarios in real time: what happens if you change your concrete supplier, hire a different crew, or optimize logistics. And the fact that the team, led by Stanford professor Rene Morkos, has already proven its ability to double the business even in challenging times makes ALICE a very attractive asset for potential M&A,» said Igor Shoifo, General Partner at Toloka.vc.

Over the past two years, TOLOKA’s syndicate has closed deals totaling more than $20 million. In 2025, the group also participated in a major success story: Meta’s investment in Scale AI, valued at nearly $30 billion — a company TOLOKA had backed earlier. Although the syndicate didn’t exit its position, it received over $2.3 million in payments from the deal, while retaining its stake in the startup. TOLOKA expects the valuation could double. Approximately 100 new participants join the syndicate each month.

Before the ALICE deal, TOLOKA had completed 18 investments across various sectors, including AI, cybersecurity, logistics, marketplaces and e-commerce, real estate services, medtech, and construction tech.