Miter raises $40M Series B to build AI-native construction OS
Miter, a San Francisco-based startup, secured a $40 million Series B round led by Battery Ventures, with participation from Bessemer Venture Partners and Coatue. The funding brings its total capital to $78 million and aims to accelerate its mission to replace construction’s fragmented software stack—called a ‘Frankenstack’—with an AI-native operating system integrating payroll, field operations,…
Key points
- Miter raised $40M Series B, led by Battery Ventures, with Bessemer and Coatue participating
- Over 2,000 contractors use its AI-native OS, with 2% of U.S. construction workers paid through it
- AI extracts data from invoices, receipts, and field notes to automate payroll, compliance, and job-costing
The company claims over 2,000 contractors now use its system, with customer growth tripling since its Series A in May 2025. Roughly 2% of U.S. construction workers are paid through Miter, including major firms like Clayco and Haugland Group. Miter’s AI extracts structured data from invoices, receipts, and field notes, automating workflows and reducing delays between jobsite activity and back-office visibility. The $40M will fund expansion of AI capabilities, engineering teams in San Francisco and New York, and go-to-market efforts across the U.S. The startup was co-founded by CEO Connor Watumull and Tobin Paxton.
Miter Raises $40M Series B to Replace Construction’s ‘Frankenstack’ with an AI-Native Operating System
Unite.AI · 30 September 2026
Loading the full article…
This text was published by Unite.AI. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Enterprise & Industry
All →- LateralCare’s revenue alai now available on Microsoft Marketplace · 1 src
- Cadence, Synopsys, Siemens claim Level 5 autonomy in chip design agents by 2026 · 2 src
- Cognition hires Alex Stamos as chief security officer · 1 src
- Metaview raises $60M to expand AI-powered recruiting platform · 1 src
- Expedience adds AI Proposal Manager to Word for RFP workflows · 1 src
Comments
via GitHub Discussions