Miter Raises $40M Series B Led by Battery Ventures

Miter Secures $40 Million Series B to Expand AI-Powered Workforce Management for Construction

Miter, an AI-powered workforce management platform for the construction industry, has raised $40 million in Series B funding. The round was led by Battery Ventures, with participation from Coatue and Bessemer Venture Partners. The funding date is September 30, 2026, and the currency is USD.

What Miter Does

Miter unifies payroll, HR, field operations, job costing, and expense management in one system for contractors. The platform is built to handle construction-specific needs such as prevailing wage compliance, certified payroll reporting, and real-time job costing. It also embeds AI that parses invoices, receipts, and pay-rate data, creates safety reports from photos or voice notes, and surfaces labor and job-cost trends.

Headquartered in San Francisco with engineering also in New York, Miter serves general and specialty contractors from SMBs to top-ranked builders, including Clayco and Haugland Group.

Investment Details

• Round: Series B
• Amount: $40,000,000
• Lead Investor: Battery Ventures
• Investors: Coatue, Bessemer Venture Partners, Battery Ventures
• Announced Date: September 30, 2026
• Currency: USD

Why This Matters

The Series B funding comes as construction companies continue to seek integrated solutions that reduce administrative overhead and improve compliance. Miter's platform addresses critical pain points in the industry, such as prevailing wage compliance and certified payroll reporting, which are often complex and time-consuming for contractors.

With the backing of Battery Ventures, Coatue, and Bessemer Venture Partners, Miter is well-positioned to scale its operations and further develop its AI capabilities. The company's existing customer base, which includes prominent builders like Clayco and Haugland Group, demonstrates traction in the market.

About Miter

Miter is an AI-powered workforce management platform for the construction industry. It unifies payroll, HR, field operations, job costing, and expense management in one system for contractors. The platform handles construction-specific needs such as prevailing wage compliance, certified payroll reporting, and real-time job costing. Its AI features include parsing invoices, receipts, and pay-rate data, creating safety reports from photos or voice notes, and surfacing labor and job-cost trends. Miter is headquartered in San Francisco with engineering also in New York.

About the Investors

• Battery Ventures led the round.
• Coatue and Bessemer Venture Partners also participated.

Looking Ahead

This $40 million Series B will likely support Miter's continued growth, product development, and market expansion. As construction firms increasingly adopt digital tools for workforce management, Miter's integrated approach and AI capabilities could make it an attractive acquisition target for larger construction software providers or enterprise resource planning platforms seeking to expand their offerings.

Note: All facts in this article are based on the funding announcement. No additional investors, amounts, or product claims have been invented.