In a strategic move to enhance its offerings in construction operations and risk management, BiltOn (formerly known as Beti) has announced the successful completion of a $15 million Series B funding round. This significant investment was spearheaded by PSG Equity, a leading growth equity firm focused on software and technology-enabled services, with notable participation from Titan Capital and 97212 Ventures.
Joining the ranks of BiltOn’s advisory board is Jeff Wilpon, the founding partner and CEO of Sterling Project Development, who brings a wealth of experience from overseeing over $10 billion in construction projects across diverse sectors.
Since its inception in 2018, BiltOn has emerged as a pivotal player in streamlining the complexities of construction management. The platform equips owners and general contractors with robust tools for workforce management, safety protocols, and compliance tracking. With features such as 3D facial recognition for personnel verification, automated payroll time tracking, incident reporting, and safety checklists, BiltOn centralizes crucial data, enabling efficient project oversight amid evolving regulatory landscapes.
Currently, BiltOn supports more than 1,200 construction companies across over 3,000 active job sites worldwide. The platform’s versatility spans various sectors, including civil, industrial, commercial, residential, and healthcare construction. Since its U.S. launch, the team has grown to over 70 employees, proudly serving esteemed clients like Consigli, Rudin, Hunter Roberts, SD Builders, and OKO Group.
“We’re excited to further invest in BiltOn as they enhance their operations across the U.S. and provide essential solutions for the construction industry,” stated Ronen Nir, Managing Director of PSG Equity.
BiltOn’s comprehensive suite of tools is designed to optimize workflow management and enhance safety monitoring, crucial for meeting compliance standards. The platform features a proprietary risk scoring system, offering contractors real-time insights into workforce activities, permitting, and project safety. These capabilities aim to not only mitigate risks but also boost overall project efficiency.
“Omer Slavin, founder and CEO of BiltOn, emphasized, “We believe our technology is transforming the way owners and general contractors handle compliance and project efficiency. By offering real-time data and automation, we empower contractors to navigate the complexities of construction site operations with confidence.
BiltOn’s rebranding and recent funding reflect a commitment to innovation in the construction sector. As the industry grapples with escalating regulatory demands and the need for heightened safety protocols, BiltOn stands poised to meet these challenges head-on. The integration of advanced technologies like 3D facial recognition and automated compliance tracking not only enhances operational efficiency but also promotes a safer work environment—key factors in reducing litigation risks and insurance claims.
The firm’s potential for growth is substantial, given the increasing need for streamlined processes in construction management. As it expands its reach beyond New York City to a national and global audience, BiltOn is well-positioned to shape the future of the industry.
In a landscape where construction projects are becoming more complex, BiltOn’s innovative approach promises to provide contractors with the tools necessary to thrive. By focusing on safety, compliance, and data-driven decision-making, the company is setting a new standard for operational excellence in construction.
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