Leesburg, VA — BITE Data, an AI-native SaaS start-up focused on streamlining global trade compliance, has raised $3 million to accelerate the development of its automation tools for importers and exporters.
The funding includes a $2.5 million Series Seed round led by Las Olas Venture Capital (LOVC), joined by New Dominion Angels, Blue Impact Venture Capital, Techstars, and Refashiond Ventures. The capital will support team expansion in engineering and sales as the company works to replace outdated compliance systems with next-generation, AI-powered solutions.
Founded in 2023 by Thariq Kara and Anne Riitho, both former U.S. customs and trade enforcement experts, BITE Data’s platform automates key workflows to help organizations navigate increasing regulatory complexity driven by tariffs, sanctions, and evolving trade policies. Its AI engine enhances accuracy, accountability, and transparency across cross-border operations.
“We’re really excited about this investment and deeply thankful for the confidence LOVC and our investors have shown,” said Thariq Kara, CEO of BITE Data. “Global trade is in huge flux, and our goal is to deliver practical, efficient automation tools built on the latest AI advances.”
Dean Hatton of Las Olas Venture Capital praised the company’s mission:
“Thariq and Anne combine exceptional regulatory and technical insight. Their AI platform is transforming how companies manage compliance risk. BITE’s technology brings speed, accuracy, and accountability to a space that has long relied on manual processes.”
As international supply chains grow increasingly complex, BITE Data aims to become a core technology partner for global compliance teams, enabling organizations to manage risk and ensure transparency with AI-driven precision.
