Miter Raises $40M Series B

Miter, a San Francisco-based software company providing an AI-native operating system for the construction industry, has raised $40 million in Series B funding. This latest round brings the company's total capital raised to $78 million. The company focuses on replacing fragmented, legacy construction management tools with a unified platform that connects payroll, HR, field operations, and project data.

Investors

The round was led by Battery Ventures, a global venture capital firm. They were joined by existing investors Bessemer Venture Partners and Coatue.

Miter Use of Funds

Miter plans to use the new capital to expand its AI capabilities, grow its engineering teams in San Francisco and New York, and increase the size of its go-to-market organization across the United States.

About Miter

Miter was founded in 2021 by CEO Connor Watumull and Tobin Paxton. The company provides an AI-native operating system designed to modernize construction workflows. Its platform integrates payroll, field operations, expense management, and project-cost visibility to help contractors replace their existing patchwork of software and manual processes.

Funding Details

Company Website: https://miter.com

Company: Miter
Raised: $40M
Round: Series B
Funding Date: September 30, 2026
Lead Investor: Battery Ventures
Additional Investors: Bessemer Venture Partners, Coatue
Software Category: Construction Technology
Source: https://www.unite.ai/miter-raises-40m-series-b-to-replace-constructions-frankenstack-with-an-ai-native-operating-system/