BiltOn Secures $15 Million to Build a Safer Future in Construction
October 25, 2024, 9:32 am
BiltOn
Total raised: $15M
BiltOn, a rising star in construction operations and risk management software, has successfully raised $15 million in a Series B funding round. This financial boost, led by PSG Equity, marks a significant milestone for the company, which recently rebranded from its former name, Beti. With this fresh capital, BiltOn aims to expand its reach across the United States and enhance its platform features.
Founded in 2018, BiltOn has quickly established itself as a key player in the construction tech landscape. The company’s software empowers owners and general contractors to tackle labor, safety, and compliance challenges head-on. Think of it as a digital toolbox, packed with essential tools for navigating the complex world of construction.
The funding round attracted notable investors, including Titan Capital and 97212 Ventures. Jeff Wilpon, a seasoned expert in construction project management, has joined BiltOn’s advisory board. His experience overseeing over $10 billion in construction projects adds a wealth of knowledge to the team.
BiltOn’s platform is a comprehensive solution. It offers web and mobile accessibility, making it easy for users to manage projects on the go. Key features include 3D facial recognition for workforce verification, automated time tracking for payroll, daily logs, incident reporting, safety checklists, permit management, and certification tracking. Each tool is designed to centralize data and improve project oversight, helping users navigate the intricate web of regulatory requirements.
Currently, BiltOn supports over 1,200 construction companies across more than 3,000 active job sites worldwide. Its clientele spans various construction verticals, including civil, industrial, commercial, residential, and healthcare sectors. This broad reach showcases the platform's versatility and effectiveness in addressing diverse construction needs.
The company has seen impressive growth since its U.S. launch. Its team has expanded to over 70 employees, reflecting the increasing demand for its innovative solutions. Among its clients are prominent general contractors like Consigli, Rudin, Hunter Roberts, SD Builders, and OKO Group. These partnerships highlight BiltOn’s credibility and the trust it has built within the industry.
BiltOn’s technology is not just about compliance; it’s about enhancing safety and efficiency. The platform’s proprietary risk scoring system helps contractors identify and manage potential risks on-site. Real-time insights into workforce activity, permitting, and project safety are invaluable. They act as a compass, guiding contractors through the often-turbulent waters of construction management.
Integration is another strong suit for BiltOn. The platform works seamlessly with widely used construction management tools like Procore and Autodesk. This compatibility ensures that users can easily incorporate BiltOn into their existing workflows without disruption. Additionally, the platform complies with New York City Department of Buildings standards, providing a streamlined approach to managing project data and meeting regulatory requirements.
The construction industry is notorious for its challenges. Delays, safety hazards, and compliance issues can derail even the best-laid plans. BiltOn’s suite of tools aims to mitigate these risks. By providing real-time data and automation, the platform empowers contractors to navigate the complexities of construction site operations with confidence.
The impact of BiltOn’s technology extends beyond immediate project management. It helps reduce site risks, lower insurance claims, and improve Experience Modification Rates (EMR) scores. These benefits translate into cost savings and enhanced project outcomes, making BiltOn an attractive option for construction companies looking to modernize their operations.
As BiltOn prepares to expand its operations nationally, the construction industry watches closely. The company’s innovative approach could very well redefine how construction projects are managed. With a focus on safety, compliance, and efficiency, BiltOn is poised to lead the charge in transforming the construction landscape.
In a world where technology is reshaping industries, BiltOn stands at the forefront. Its commitment to empowering construction professionals with the tools they need to succeed is commendable. The recent funding round is not just a financial boost; it’s a vote of confidence in BiltOn’s vision for the future.
As the construction industry continues to evolve, BiltOn’s role will be crucial. The company’s ability to adapt and innovate will determine its success in a competitive market. With the right tools and a clear vision, BiltOn is ready to build a safer, more efficient future for construction.
In conclusion, BiltOn’s journey is just beginning. The $15 million funding is a stepping stone toward greater achievements. As it expands its platform and enhances its features, the company is set to make waves in the construction tech space. The future looks bright for BiltOn, and the construction industry is eager to see what comes next.
Founded in 2018, BiltOn has quickly established itself as a key player in the construction tech landscape. The company’s software empowers owners and general contractors to tackle labor, safety, and compliance challenges head-on. Think of it as a digital toolbox, packed with essential tools for navigating the complex world of construction.
The funding round attracted notable investors, including Titan Capital and 97212 Ventures. Jeff Wilpon, a seasoned expert in construction project management, has joined BiltOn’s advisory board. His experience overseeing over $10 billion in construction projects adds a wealth of knowledge to the team.
BiltOn’s platform is a comprehensive solution. It offers web and mobile accessibility, making it easy for users to manage projects on the go. Key features include 3D facial recognition for workforce verification, automated time tracking for payroll, daily logs, incident reporting, safety checklists, permit management, and certification tracking. Each tool is designed to centralize data and improve project oversight, helping users navigate the intricate web of regulatory requirements.
Currently, BiltOn supports over 1,200 construction companies across more than 3,000 active job sites worldwide. Its clientele spans various construction verticals, including civil, industrial, commercial, residential, and healthcare sectors. This broad reach showcases the platform's versatility and effectiveness in addressing diverse construction needs.
The company has seen impressive growth since its U.S. launch. Its team has expanded to over 70 employees, reflecting the increasing demand for its innovative solutions. Among its clients are prominent general contractors like Consigli, Rudin, Hunter Roberts, SD Builders, and OKO Group. These partnerships highlight BiltOn’s credibility and the trust it has built within the industry.
BiltOn’s technology is not just about compliance; it’s about enhancing safety and efficiency. The platform’s proprietary risk scoring system helps contractors identify and manage potential risks on-site. Real-time insights into workforce activity, permitting, and project safety are invaluable. They act as a compass, guiding contractors through the often-turbulent waters of construction management.
Integration is another strong suit for BiltOn. The platform works seamlessly with widely used construction management tools like Procore and Autodesk. This compatibility ensures that users can easily incorporate BiltOn into their existing workflows without disruption. Additionally, the platform complies with New York City Department of Buildings standards, providing a streamlined approach to managing project data and meeting regulatory requirements.
The construction industry is notorious for its challenges. Delays, safety hazards, and compliance issues can derail even the best-laid plans. BiltOn’s suite of tools aims to mitigate these risks. By providing real-time data and automation, the platform empowers contractors to navigate the complexities of construction site operations with confidence.
The impact of BiltOn’s technology extends beyond immediate project management. It helps reduce site risks, lower insurance claims, and improve Experience Modification Rates (EMR) scores. These benefits translate into cost savings and enhanced project outcomes, making BiltOn an attractive option for construction companies looking to modernize their operations.
As BiltOn prepares to expand its operations nationally, the construction industry watches closely. The company’s innovative approach could very well redefine how construction projects are managed. With a focus on safety, compliance, and efficiency, BiltOn is poised to lead the charge in transforming the construction landscape.
In a world where technology is reshaping industries, BiltOn stands at the forefront. Its commitment to empowering construction professionals with the tools they need to succeed is commendable. The recent funding round is not just a financial boost; it’s a vote of confidence in BiltOn’s vision for the future.
As the construction industry continues to evolve, BiltOn’s role will be crucial. The company’s ability to adapt and innovate will determine its success in a competitive market. With the right tools and a clear vision, BiltOn is ready to build a safer, more efficient future for construction.
In conclusion, BiltOn’s journey is just beginning. The $15 million funding is a stepping stone toward greater achievements. As it expands its platform and enhances its features, the company is set to make waves in the construction tech space. The future looks bright for BiltOn, and the construction industry is eager to see what comes next.