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Funding Alert|Bites Raises $40M Series A for AI-Generated Frontline Training Videos

Bites raised a $40M Series A led by PeakSpan Capital, bringing total funding to $55M. The signal: not every dollar in this AI funding wave is buying an autonomous agent — a good chunk of it is buying generative AI that redoes work companies used to pay humans to produce. That kind of company has a lower technical bar, but the market it's chasing is enormous.