Miter

Construction technology startup Miter has raised $40 million in a new funding round, according to an exclusive report by Axios. The company builds software for the construction industry, and the fresh capital positions it to expand its product and grow its customer base. The raise adds to a string of funding rounds for startups targeting the large but traditionally low-tech construction sector.

Construction technology startup Miter has raised a $40 million Series B funding round led by Battery Ventures. The investment positions the company to scale its software for the construction industry, a sector increasingly targeted by startups digitizing project management and workforce operations. Miter is among a growing wave of construction tech firms attracting significant venture capital as the industry modernizes.