Byte Technology
Byte Technology is a retail technology company that provides smart, controlled-access vending kiosks for fresh food and retail products in healthcare, education, and workplace environments. The company kiosks use RFID technology to track inventory, automatically identifying and charging for items taken when the door closes, offering a checkout-free grab-and-go experience. Byte kiosks are compact, requiring only an…
Funding snapshot
About
Byte Technology is a retail technology company that provides smart, controlled-access vending kiosks for fresh food and retail products in healthcare, education, and workplace environments. The company kiosks use RFID technology to track inventory, automatically identifying and charging for items taken when the door closes, offering a checkout-free grab-and-go experience. Byte kiosks are compact, requiring only an electrical outlet, and come pre-equipped for connectivity with low startup costs and fast ROI. The platform includes a smart monitoring system that uses real-time sales, inventory, and temperature data for efficient product management, monitors expiration dates, and employs an advanced pricing engine to boost profitability through dynamic pricing. Byte serves healthcare facilities, university campuses, and workplaces, offering ambient, cooler, and frozen cabinet options. Founded in 2015 and headquartered in San Rafael, California, Byte Technology has raised approximately $9.1 million in seed funding from investors including Better Food Ventures, Bolt, and LAUNCH.
Business model
Autonomous Retail > Smart Vending Machines > Semi Autonomous,
Trust Shops > Smart Vending Machines,
Food Tech > Innovative Restaurants > Vending Machines,
Online Grocery > Smart Vending Machine > Food > Packaged Snacks > Semi Autonomous
Founders & team highlights
Serial Founder
Team background
College Wise > Cornell University
Institutional investors
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