BiteSpeed Secures $3.5M Funding to Revolutionize E-Commerce with AI

BiteSpeed, an AI-driven Customer OS for e-commerce brands, has closed a $3.5M Pre-Series A funding round. Led by Peak XV's Surge, the funds will bolster global expansion and R&D in generative AI. BiteSpeed aims to enhance its marketing, support, and chatbots suite, promising a 25% revenue growth for brands.

BiteSpeed, an AI-powered Customer OS designed for e-commerce brands, has announced the successful closure of a $3.5 million Pre-Series A funding round. This financial boost was primarily led by Peak XV's Surge and featured significant contributions from Whiteboard Capital, Gaurav Munjal, CEO of Unacademy, and several other industry leaders.

This latest infusion of capital, which raises BiteSpeed's total funding to $5.6 million, will facilitate the company's expansion across key regions including North America, Europe, the Middle East, and Southeast Asia. The new funds will also enhance research and development efforts, particularly in generative AI, to further refine its product offerings.

BiteSpeed's customer base spans over 2,500 Shopify brands in more than 50 countries. With a strong presence in India and beyond, co-founder Vinayak Aggarwal stresses the value of this funding: "The investment equips us to enhance our AI-native marketing and support, driving significant revenue growth for brands."

(With inputs from agencies.)