BiltOn, a construction operations and risk management software provider, has announced the successful completion of a $15m Series B funding round.

The investment, led by PSG Equity with contributions from Titan Capital and 97212 Ventures, marks a significant milestone for the company, which has also undergone a rebranding from its former name, Beti.

The funding round has resulted in the addition of Jeff Wilpon, founding partner and CEO of Sterling Project Development, to BiltOn's advisory board.

Wilpon's extensive experience in managing construction projects valued at more than $10bn across various sectors is expected to bring valuable insights to the company.

BiltOn currently supports over 1,200 construction companies, with its software being utilised on more than 3,000 active job sites worldwide.

The platform caters to multiple construction verticals, including civil, industrial, commercial, residential, and healthcare.

Since its launch in the US, BiltOn has seen significant growth and has expanded its workforce to more than 70 employees.

The company's client list includes notable 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 US and continue to bring valuable solutions to the construction industry," said PSG Equity managing director Ronen Nir.

BiltOn's suite of tools aims to facilitate smoother workflow management, enhance safety monitoring, and streamline compliance processes.

Its risk-scoring system provides contractors with real-time insights into workforce activity, permitting, and project safety.

The platform integrates with popular construction management tools such as Procore and Autodesk and adheres to the New York City Department of Buildings standards.

BiltOn's technology focuses on reducing site risks, lowering insurance claims, and improving experience modification rate scores.