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Miter raises $40 million in a Series B funding round led by Battery Ventures to enhance its AI-powered platform for the construction industry.
Amount Raised
$40 Million
Round Type
Series B
Investors
Description
Miter has successfully raised $40 million in a Series B round of financing, led by Battery Ventures. The funds will be used to enhance AI products for construction management and expand their engineering and go-to-market teams. Existing investors Bessemer Venture Partners and Coatue participated in the round. Miter aims to support the booming construction sector with innovative technology solutions.
Fundz sees it the moment Miter raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansMiter raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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