Syte - About the company
Syte is an acquired company based in Tel Aviv (Israel), founded in 2015 by and . It operates as a Provider of E-Commerce visual search platform. Syte has raised $71M in funding from investors like Viola Group, NHN Investment and Viola Ventures. The company has 104 active competitors, including 33 funded and 10 that have exited. Its top competitors include companies like Mad Street Den, nyris and JustVisual.
Company Details
Syte is a visual search tool based on image recognition technology. Their technology analyzes the image and offers the matching objects with the prices from all across the web. Uses deep learning technology.
- Website
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Key Metrics
Founded Year
2015
Location
Tel Aviv, Israel
Stage
Acquired
Total Funding
in 4 rounds
Latest Funding Round
Investors
Ranked
1st among
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Exit Details
Acquired by Pereg Ventures (Dec 04, 2024)
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Syte's acquisition details
Syte got acquired by Pereg Ventures, Magma Venture Partners, MizMaa and Stardom Ventures on Dec 04, 2024.
Click to take a look at Syte's acquisition in detail
Syte's funding and investors
Syte has raised a total funding of $71M over 4 rounds. Its first funding round was on Jul 18, 2017. Its latest funding round was a Series C round on Oct 21, 2020 for $30M. 12 investors participated in its latest round, lead by Viola Group.
Syte has 27 institutional investors including Viola Group, NHN Investment and Viola Ventures.
Here is the list of recent funding rounds of Syte:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Oct 21, 2020 | $30M | Series C | 7584056 | 6751742 | |
Oct 21, 2020 | $10M | Conventional Debt | 6406506 | 9291344 | - |
Sep 09, 2019 | $21.5M | Series B | 6761799 | 6088434 | Viola Ventures, Storm Ventures, and |
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Syte's founders and board of directors
The founders of Syte are and .
View details of Syte's Founder profiles and Board Members
Syte's Competitors and alternates
Top competitors of Syte include Mad Street Den, nyris and JustVisual. Here is the list of Top 10 competitors of Syte, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | 2015, Tel Aviv (Israel), Acquired | Provider of E-Commerce visual search platform | $71M | Kreos Capital, NHN InvestmentÌý&²¹³¾±è;Ìý | 63/100 |
2nd |  Mad Street Den 2013, Redwood City (United States), Acquired | Provider of computer vision and AI-based visual search solutions | $57.4M | KDDI Open Innovation Fund, Global BrainÌý&²¹³¾±è;Ìý | 55/100 |
3rd | Provider of AI-based software tool for object and image recognition | $10.8M | Microsoft Accelerator, Ìý&²¹³¾±è;Ìý | 49/100 | |
4th | JustVisual 2006, Petah Tikva (Israel), Deadpooled | Provider of visual search and image recognition API | $19.3M | Western Technology Investment, DFJÌý&²¹³¾±è;Ìý | 46/100 |
5th | AI-based visual search and recognition tools for e-tailers | $34.5M | UOB, Enspire CapitalÌý&²¹³¾±è;Ìý | 44/100 | |
6th | Partpic 2013, Atlanta (United States), Acquired | Visual recognition technology for MRO parts | $1.5M | Foley Ventures, NYC SeedÌý&²¹³¾±è;Ìý | 43/100 |
7th | ImageVision 2009, Mckinney (United States), Acquired | Platform offering imaging and computer vision solutions | $7.98M | Walden Venture Capital, Green Park & Golf VenturesÌý&²¹³¾±è;Ìý | 42/100 |
8th |  CamFind 2012, Los Angeles (United States), Seed | Provider of an image recognition-based mobile visual search engine | $4.8M | S.A.W. Capital Partners, Group GuruÌý&²¹³¾±è;Ìý | 40/100 |
9th | Provider of AI-powered solutions for fashion e-commerce | $1M | 38/100 | ||
10th | Donde 2014, Palo Alto (United States), Acquired | Tech solution providing visual search tools for e-tailers | $10M | 36/100 |
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Syte's Investments and acquisitions
Syte has made no investments or acquisitions yet.
Reports related to Syte
Here is the latest report on Syte's sector:
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News related to Syte
Media has covered Syte for a total of 8 events in the last 1 year, 2 of them have been about company updates and 2 about partnerships.
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Global Legal Chronicle•Nov 29, 2024•, Syte
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AiThority•Jan 12, 2024•Syte
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PR Newswire•Jan 11, 2024•Syte
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