Miter, which provides workforce management tools for the construction industry, raised a $40M Series B led by Battery Ventures, taking its total funding to $78M

Construction technology funding continues to grow, suggesting increased adoption of AI in a traditionally slower-to-innovate sector.

Miter, a San Francisco-based company providing an AI-powered workforce management platform for the construction industry, has successfully raised $40 million in Series B funding. The round was spearheaded by Battery Ventures and included contributions from Bessemer Venture Partners and Coatue. This latest investment brings Miter's total funding to $78 million. The company, led by CEO Connor Watumull, utilizes its AI-native operating system to streamline various aspects of construction operations, including payroll, HR, field management, job costing, and expense tracking. Miter's platform features advanced AI capabilities for parsing documents, automating workflows, analyzing labor costs, and generating reports. The company currently serves over 2,000 contractors.

Miter's substantial Series B round underscores a growing investor confidence in AI-driven solutions specifically tailored for the construction sector. The platform's ability to automate complex tasks like payroll, job costing, and expense management using AI suggests a significant leap in operational efficiency for contractors. This focus on AI native capabilities differentiates Miter, potentially setting a new standard for how construction businesses manage their workforce and finances.

The funding will likely accelerate Miter's expansion efforts and further development of its AI features, directly impacting its current and future client base. As more construction firms adopt such advanced tools, it could lead to industry-wide shifts in project management and labor cost control, forcing competitors to either innovate rapidly or risk falling behind in efficiency and competitiveness.