Newly-Renamed BiltOn Raises $15 Million
NEW YORK — BiltOn, a developer of construction operations & risk management software, has announced the completion of a $15 million Series B funding round, along with a rebranding from its former name, Beti. This investment was led by PSG Equity, a growth equity firm specializing in software and technology-enabled services, with additional participation from Titan Capital and 97212 Ventures.
As part of this funding, Jeff Wilpon, founding partner and CEO of Sterling Project Development, has joined BiltOn’s advisory board. Wilpon brings extensive experience in overseeing more than $10 billion worth of construction projects across various sectors.
[Photo above: L-R: Dekel Schwarzmann, Asaf Guter, Shir Mautner, Omer Slavin]
Since its founding in 2018, BiltOn has rapidly expanded its platform to empower owners and general contractors in managing workforce, safety, and compliance during the construction process. With both web and mobile accessibility, the platform offers a range of tools, including 3D facial recognition for workforce verification, automated time tracking for payroll, daily logs, incident reporting, safety checklists, permit management, and certification tracking. These features aim to centralize data and improve project oversight, helping users navigate complex regulatory requirements.
Currently, BiltOn supports over 1,200 construction companies across more than 3,000 active job sites globally. The platform serves a wide range of construction verticals, including civil, industrial, commercial, residential, and healthcare sectors. Since launching in the U.S., the company has experienced growth and expanded its team to more than 70 employees. Among its clients are some prominent general contractors such as Consigli, Rudin, Hunter Roberts, SD Builders, and OKO Group.
“We’re thrilled to further our investment in BiltOn as they expand their operations across the U.S. and continue to bring valuable solutions to the construction industry,” said Ronen Nir, Managing Director of PSG Equity.
BiltOn’s suite of tools is designed to help support smoother workflow management, enhance safety monitoring, and streamline compliance processes. The platform’s proprietary risk scoring system helps contractors manage potential risks on-site, offering real-time insights into workforce activity, permitting, and project safety. Although outcomes may vary, these capabilities are intended to assist in mitigating risks and improving overall project efficiency.
“We believe BiltOn’s technology is transforming the way owners and general contractors manage compliance and project efficiency. By providing real-time data and automation, we’re helping contractors navigate the complexities of construction site operations with more confidence,” said Omer Slavin, founder, and CEO of BiltOn.
Technology Integration and Industry Impact
BiltOn integrates seamlessly with widely used construction management tools such as Procore and Autodesk. The platform also complies with New York City Department of Buildings standards, offering a streamlined approach to managing project data and meeting regulatory requirements. While not guaranteed, BiltOn’s technology is designed to assist in reducing site risks, lowering insurance claims, and improving Experience Modification Rates (EMR) scores. The company’s reach has expanded from its roots in New York City to projects across the U.S. and globally.