Miter, a cloud-based software provider for the construction and field service industries raised $23 million in its latest round, which puts it at a total of $38 million in funding. The recent round was led by existing investors Bessemer Venture Partners and Coatue Management LLC.
According to a news release, Miter offers an integrated platform that streamlines HR, finance and field operations to help contractors build infrastructure, such as energy systems, housing and transportation, more efficiently. The San Francisco-based company’s tools are designed to reduce administrative burden and improve scalability.
“With the help of our customers, we’re building a platform that helps ambitious contractors navigate change and build with confidence. We want to unleash the potential of contractors everywhere,” CEO Connor Watumull said in a statement.
Over 700 contractors are already using Miter’s platform, and they report time savings of up to 40 hours per week on payroll alone, according to the company.
