What is BITE?
BITE Data operates as a software-as-a-service (SaaS) platform designed to streamline global trade compliance. Its core offerings include automated screening tools and AI-driven risk analysis, catering to exporters, importers, logistics firms, and compliance officers. The platform aims to enhance efficiency and cost-effectiveness in compliance processes by providing real-time data and risk management capabilities. With a mobile application for enhanced accessibility, BITE Data supports businesses of all sizes in navigating the intricacies of international trade regulations.
How much funding has BITE raised?
BITE has raised a total of $2.5M across 1 funding round:
Seed
$2.5M
Seed (2025): $2.5M with participation from BlueImpact Supply Chain Ventures, New Dominion Angels, and Las Olas VC
Key Investors in BITE
BlueImpact Supply Chain Ventures
BlueImpact Supply Chain Ventures is an operator-led investment firm focused on pre-seed and seed stage companies that aim to reinvent the supply chain. They empower entrepreneurs by leveraging their deep operational experience to address significant challenges within the supply chain sector.
New Dominion Angels
New Dominion Angels is a Washington, DC area investors group made up of entrepreneurs, operators, and executives who have successfully built and scaled businesses. They focus on backing early-stage startups that are addressing complex problems in large and often overlooked markets.
Las Olas VC
Las Olas Venture Capital is a venture capital firm that focuses on backing founders who are developing AI and software applications aimed at modernizing outdated business workflows. They typically invest between $1.5 million and $3 million in seed-stage companies, with a preference for SaaS and vertical AI industries.
What's next for BITE?
The recent major enterprise-level funding and strategic investment signal a period of accelerated growth and market expansion for BITE Data. This capital will likely be deployed to enhance its AI-driven risk analysis capabilities, broaden its market reach, and further develop its SaaS platform. The company is well-positioned to capitalize on the increasing complexity of global trade regulations, offering a critical solution for businesses seeking to mitigate risks and ensure compliance. Future developments may include deeper integration with supply chain management systems and expanded AI functionalities to predict and preempt compliance issues.
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