Miter has raised $40 million in Series B funding, led by Battery Ventures, bringing total capital raised to $78 million. Existing investors Bessemer Venture Partners and Coatue also participated.
Miter provides an AI-powered workforce management and operating platform for construction companies, connecting payroll, HR, field operations, job costing and expenses.
The company plans to use the funding to expand its AI products for back offices and jobsites, significantly increase its engineering organization in San Francisco and New York and grow its U.S. go-to-market teams.
Approximately two of every 100 U.S. construction workers are now paid through Miter, while customers use the platform across hundreds of thousands of active jobs each month.
Miter’s AI can structure information from invoices, receipts and pay-rate tables, automate manual workflows, identify labor and job-cost trends, generate safety reports from photos or voice notes and summarize job status.
The company serves more than 2,000 contractors and has tripled its customer count since announcing its Series A in May 2025.
KEY QUOTES:
“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. Miter is helping contractors modernize their operations and unify their workforce, jobsites and financials in one system.”
Connor Watumull, Co-Founder and CEO of Miter
“The construction industry is tremendously complex, which has made it difficult for technology providers to develop robust tools attuned to customers’ specific demands, despite the large potential market. But Connor, Tobin and their team have succeeded in developing an easy-to-use, integrated product that delivers payroll as well as other mission-critical business functions. The traction they’ve achieved is impressive, and we’re excited to watch them leverage technology to take on more of the work their customers do by hand today.”
Michael Brown, General Partner at Battery Ventures
