Topic
Software and hardware built for jobsite work, covering design coordination, progress tracking, payroll, accounting and field productivity for builders.
Battery Ventures led a $40 million Series B in Miter, a construction payroll and workforce software company, lifting its total raised to $78 million. The round is larger than all of Miter's earlier funding combined and pays for a push from paying crews into contractors' payables, safety and project data.
Reality
Paying for outcomes sounds cleaner than paying for tokens until someone has to price the counterfactual, and the measurement that would make NavigateAI's cut defensible has to be run inside the builder buying it.
Reality
Adaptive has raised $30m led by Tidemark to build agents that go and collect the job facts sitting in schedules and daily logs. More than 750 contractors already run their project accounting on it.
Reality
The Form D behind the closed round counts convertible securities that had already converted as half of the $30,792,485 total. The data source the money funds is a camera worn by each worker all day.
Reality
The $130 million round is all primary equity at an estimated $1 billion valuation, so roughly 13 percent of the company changed hands, and the recurring revenue it is priced against is described only as tens of millions of dollars.
Perspective Coverage
3 publishersReality
The Tel Aviv company says AI data centre schedules are part of what is driving demand, and that contractors are signing multiyear deals covering whole portfolios of projects.
Reality