About Slyce
Slyce is a company based in Philadelphia (United States) founded in 2012 was acquired by Syte in September 2021.. Slyce has raised $28.7 million across 7 funding rounds from investors including Syte, Canaccord Genuity Group and Cormark Securities. The company has 16 employees as of December 31, 2024. Slyce has completed 3 acquisitions, including Allyke, Pounce and SnipSnap. Slyce operates in a competitive market with competitors including Syte, ViSenze, JustVisual, nyris and CamFind, among others.
- Headquarter Philadelphia, United States
- Employees 16 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyMedia & Entertainment Retail Industrial Goods & Manufacturing
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Phone
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Website
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Social
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Funding Insights of Slyce
Slyce has successfully raised a total of $28.7M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $750 thousand completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $750,000
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First Round
First Round
(21 May 2013)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Post-IPO - Slyce | Valuation |
investors |
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| Mar, 2016 | Amount | Post-IPO - Slyce | Valuation |
investors |
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| May, 2015 | Amount | Post-IPO - Slyce | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Slyce
Slyce has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Syte, Canaccord Genuity Group and Cormark Securities. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in industrial and life sciences technology companies.
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Founded Year | Domain | Location | |
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Merger and acquisitions advisory firm
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Founded Year | Domain | Location | |
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Salman Partners is engaged in financial advisory and investment services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Slyce
Slyce has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Allyke, Pounce and SnipSnap. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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High-speed visual search is integrated into e-commerce platforms.
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2015 | ||||
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Print ads are scanned via mobile app for instant purchases.
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2012 | ||||
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Coupons are crowdsourced using OCR on user-submitted photos.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Slyce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Slyce Comparisons
Competitors of Slyce
Slyce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Syte, ViSenze, JustVisual, nyris and CamFind, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Visual search platform for e-commerce is provided using image recognition.
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| domain | founded_year | HQ Location |
AI-based visual search and recognition tools are provided for e-tailers.
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| domain | founded_year | HQ Location |
Provides advanced visual search and image recognition API solutions for businesses.
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| domain | founded_year | HQ Location |
AI-based software for object and image recognition is provided.
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| domain | founded_year | HQ Location |
Provider of an image recognition-based mobile visual search engine
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| domain | founded_year | HQ Location |
Visual recognition technology for MRO parts identification is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Slyce
Frequently Asked Questions about Slyce
When was Slyce founded?
Slyce was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Slyce located?
Slyce is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Slyce a funded company?
Slyce is a funded company, having raised a total of $28.7M across 7 funding rounds to date. The company's 1st funding round was a Post-IPO of $8.7M, raised on May 21, 2013.
How many employees does Slyce have?
As of Dec 31, 2024, the latest employee count at Slyce is 16.
What does Slyce do?
Slyce was established in 2012 in Philadelphia, United States, within the technology sector focused on e-commerce. A platform for mobile shopping is operated, where visual search features allow users to identify and purchase products via images. Core services include image recognition tools tailored for retail applications. Operations emphasize user-friendly interfaces for global mobile audiences, supporting merchants in enhancing discovery processes.
How many acquisitions has Slyce made?
Who are Slyce's investors?
Slyce has 9 investors. Key investors include Syte, Canaccord Genuity Group, Cormark Securities, Salman Partners, and Beacon Securities.
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