Beti, a Tel Aviv, Israel-based provider of cloud-based construction site management software, raised $11M in Growth funding.
The round was led by PSG, with participation from 97212 Ventures.
The company intends to use the funds to accelerate its U.S. market presence while upholding its current position as a market leader and a one-stop solution for site management in Israel.
Founded in 2018 and led by CEO Omer Slavin, Beti provides construction developers and general contractors with a cloud-based solution for site management that assists them in addressing on-site safety and compliance issues, while simultaneously working to improve on-site efficiencies and boost productivity. The company introduces a suite of products, which includes safety, access control, quality assurance and process control, throughout the lifecycle of construction projects. Currently serving 300 customers across many sites, the company serves a customer base that encompasses a number of Israel’s top 100 construction companies, including Shapir Engineering, BST Group, Ken Hator, Y.H. Dimri and Afcon Group.
Beti has offices in Tel Aviv and Brooklyn, New York and now plans to accelerate a growth strategy that focuses on expanding into other key East Coast cities, including Philadelphia and Miami as well as business hubs across New Jersey and Connecticut.