BiltOn—a leading provider of construction operations and risk management software—announced it has raised a $15 million Series B funding round and rebranded from its former name, Beti. This funding round was led by PSG Equity, a growth equity firm specializing in software and technology-enabled services, with additional participation from Titan Capital and 97212 Ventures.
Jeff Wilpon (founding partner and CEO of Sterling Project Development) has joined BiltOn’s advisory board regarding the funding round. And Wilpon has extensive experience overseeing over $10 billion worth of construction projects across various sectors.
Since its founding in 2018, BiltOn has expanded its platform to empower owners and general contractors in managing workforce, safety, and compliance during the construction process. And with web and mobile accessibility, the platform offers a range of tools, including 3D facial recognition for workforce verification, automated time tracking for payroll, daily logs, incident reporting, safety checklists, permit management, and certification tracking. These features aim to centralize data and improve project oversight, helping users navigate complex regulatory requirements.
BiltOn currently supports over 1,200 construction companies across more than 3,000 active job sites globally. And the platform serves a wide range of construction verticals, including civil, industrial, commercial, residential, and healthcare sectors. Since launching in the U.S., the company has experienced growth and expanded its team to more than 70 employees. Among its clients are some prominent general contractors such as Consigli, Rudin, Hunter Roberts, SD Builders, and OKO Group.
BiltOn’s tool suite is designed to help support smoother workflow management, enhance safety monitoring, and streamline compliance processes. And the platform’s proprietary risk scoring system helps contractors manage potential risks on-site, offering real-time insights into workforce activity, permitting, and project safety. Even though outcomes may vary, these capabilities are intended to assist in mitigating risks and improving overall project efficiency.
BiltOn integrates seamlessly with widely used construction management tools such as Procore and Autodesk and the platform also complies with New York City Department of Buildings standards, offering a streamlined approach to managing project data and meeting regulatory requirements. BiltOn’s technology is also designed to assist in reducing site risks, lowering insurance claims, and improving Experience Modification Rates (EMR) scores.
KEY QUOTES:
“We’re thrilled to further our investment in BiltOn as they expand their operations across the U.S. and continue to bring valuable solutions to the construction industry.”
-Ronen Nir, Managing Director of PSG Equity
“We believe BiltOn’s technology is transforming the way owners and general contractors manage compliance and project efficiency. By providing real-time data and automation, we’re helping contractors navigate the complexities of construction site operations with more confidence.”
-Omer Slavin, founder, and CEO of BiltOn
