BITE Data, a Leesburg, VA-based AI-native SaaS start-up, has raised $3m to develop AI-powered tools for global trade compliance teams.
The funding includes a $2.5m Series Seed round led by Las Olas Venture Capital (LOVC), with support from New Dominion Angels, Blue Impact Venture Capital, Techstars and Refashiond Ventures.
The investment will help the company expand its engineering and sales teams as it builds automation tools to modernise outdated compliance processes.
Founded in 2023 by Thariq Kara and Anne Riitho, both former US customs and trade enforcement experts, BITE Data focuses on automating global trade compliance workflows for importers and exporters.
Its AI-driven platform aims to enhance accuracy and accountability across cross-border operations, addressing increasing global trade complexity amid rising tariffs and sanctions.
BITE CEO Thariq Kara said, “We’re really excited 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.
Dean Hatton of Las Olas Venture Capital said, “We’re thrilled to back BITE as they modernize a critical often-overlooked function in global trade.
“Thariq and Anne bring unmatched regulatory and technical expertise, and their AI-driven platform is transforming how companies manage compliance risk and cross-border operations. BITE’s technology brings speed, accuracy and accountability to an area that has long relied on manual processes, and we’re excited to support them as they scale their impact across industries.”
For more, visit RegTech Analyst
Read the daily FinTech news
Copyright © 2025 FinTech Global
