Press

[Leesburg, VA] BITE Data Corporation, an AI-native SaaS platform focused on providing global trade compliance solutions, today announced that they have closed Series Seed round in the amount of $2.5m, led by Las Olas Venture Capital (LOVC), a Ft. Lauderdale-based investment firm.

Additional capital investment came from New Dominion Angels and Blue Impact Venture Capital. This Series Seed round builds on BITE’s Pre-seed round of $500,000, closed in June of this year,  with major contributions from Techstars and Refashiond Ventures, bring total funding to $3m.

BITE CEO, Thariq Kara’s statement: "We’re really thrilled about this investment, and super thankful for the confidence LOVC and the other investors have placed in our vision. Global trade is in huge flux, and we want to provide useful, efficient automation tools to the industry that build on the advancements in AI as well. We’re getting really good traction and solving critical problems for the industry.”

Statement from Dean Hatton, Managing Partner at LOVC: [. ]

BITE Data is a Leesburg, VA-based start-up, founded in 2023 by Thariq Kara and Anne Riitho. Both have a strong background in global trade and customs enforcement, with Thariq previously holding a senior technical role at US Immigration and Customs Enforcement (ICE), while Anne led supply chain investigations for 3 letter US agencies.

As the tariffs and geo-political tensions increase, BITE’s focus on building accurate, AI-powered tools to automate global trade compliance tasks for both import and export compliance workflows. Initial goals with the venture-backed funding will be to increase the engineering team and build out a solid sales team to drive growth.

For more on the platform and team please visit https://bitedata.io