Miter, an AI-powered workforce management platform for the construction industry and the built world, announced it has raised a $40 million Series B round of financing led by Battery Ventures, bringing its total capital raised to $78 million. Existing investors Bessemer Venture Partners and Coatue also participated.
Miter intends to use the funds to continue investing in AI products that help customers run their back offices and jobsites. The company will also significantly grow its engineering team based in San Francisco and New York and add to its go-to-market teams across the United States Miter’s products are already in use by major general and specialty contractors, SMBs and other enterprises.
Current customers include Clayco, a design-build firm that delivers complex, high-performance projects, and Haugland Group, a family-owned, union-strong infrastructure services organization with more than 1,600 employees, delivering integrated solutions across energy, heavy civil, marine and logistics, and technology and engineering.
Roughly two of every 100 American construction workers now get paid through Miter, the company said, while contractors use the platform to coordinate workforce management, field operations, job costing and expenses across hundreds of thousands of active jobs each month. The company is building out related products for the field and back office in areas such as safety, accounts payable and project intelligence to keep up with new demand.
“The U.S. has never needed this much new infrastructure this fast. We need to unleash the potential of electricians, welders, carpenters and ironworkers everywhere,” said Connor Watumull, who co-founded Miter with Tobin Paxton and serves as CEO. “Miter is helping contractors modernize their operations and unify their workforce, jobsites and financials in one system.”
Miter has also embedded deep AI capabilities across the platform, giving superpowers to the teams building the world we live in. In the back office, Miter’s technology parses and structures the data buried in invoices, receipts and pay rate tables; runs the complex workflows contractors previously did by hand; and surfaces labor and job cost trends while the job is still running rather than weeks after it closes. In the field, Miter’s AI creates safety reports from photos or voice notes and summarizes job status using inputs from across the platform. The company plans to extend AI capabilities further to help contractors build stronger teams and increase profits.
