Bites raises $40M Series A led by PeakSpan Capital
Bites, an AI platform that delivers personalized training to frontline workers via WhatsApp, SMS, and Slack, has raised $40 million in a Series A round. This brings the company's total funding to $55 million. The round was led by PeakSpan Capital, with participation from Vertex Ventures, Horizon Capital, Rittenhouse Ventures, and Lyra Ventures. Phil Dur and Charlie Reinkemeyer from PeakSpan will…
Key points
- Bites raised $40M in Series A led by PeakSpan Capital, totaling $55M.
- Platform delivers 90-second AI-generated training videos via WhatsApp and SMS.
- Company reports 161% net revenue retention and 90% engagement rates.
Founded in 2020 by Eran Heffetz, Tal Nagler Almog, and Hagai Horovitz, Bites targets the approximately 80% of the global workforce that does not work at a desk. The company uses AI to convert documents and standard operating procedures into short, branded video lessons, or "Bites," lasting up to 90 seconds. These lessons are delivered through channels employees already use, supporting over 150 languages without requiring app installation or new logins.
Bites plans to use the new capital to expand in the United States, develop its AI platform, and grow its sales team. It aims to enter banking, insurance, and external worker sectors while continuing to serve hospitality and retail clients like Unilever, Coca-Cola, and Shake Shack. The company reports engagement rates above 90% within three weeks and net revenue retention of 161%.
The story so far
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Bites, whose AI tools deliver personalized training to frontline workers via WhatsApp, SMS, Slack, and other channels, raised a $40M Series A led by PeakSpan
calcalistech.com · 29 October 2026
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