About Syte
Syte is a company based in Tel Aviv (Israel) founded in 2015 by Helge Voss was acquired by Pereg Ventures in December 2024.. Syte has raised $59.5 million across 4 funding rounds from investors including NAVER, Poonawalla Fincorp and LINE. Syte has completed 1 acquisition, including Slyce. Syte operates in a competitive market with competitors including nyris, JustVisual, ViSenze, ImageVision and Partpic, among others.
- Headquarter Tel Aviv, Israel
- Founders Helge Voss
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Sectors
TechnologyRetail Industrial Goods & Manufacturing
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$59.5 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Oct 21, 2020
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Investors
NAVER
& 20 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Pereg Ventures
(Dec 04, 2024)
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Funding Insights of Syte
Syte has successfully raised a total of $59.5M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in October 2020. 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 4
- Last Round Debt – Conventional — $10.0M
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First Round
First Round
(18 Jul 2017)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series C - Syte | Valuation | Viola Group | |
| Oct, 2020 | Amount | Debt – Conventional - Syte | Valuation |
investors |
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| Sep, 2019 | Amount | Series B - Syte | Valuation | Viola Ventures |
| 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 Syte
Syte has secured backing from 21 investors, including venture fund and institutional investors. Prominent investors backing the company include NAVER, Poonawalla Fincorp and LINE. 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 early-stage technology companies globally.
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Founded Year | Domain | Location | |
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Investment in early-stage companies across AI, biotech, and cleantech sectors with access to global resources.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies across multiple sectors.
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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 Syte
Syte has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Slyce. 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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Visual search technology is integrated into mobile shopping platforms.
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2012 |
| 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 - Syte
| 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 |
Syte Comparisons
Competitors of Syte
Syte 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 nyris, JustVisual, ViSenze, ImageVision and Partpic, 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 |
AI-based software for object and image recognition is provided.
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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 visual search and recognition tools are provided for e-tailers.
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| domain | founded_year | HQ Location |
Imaging and computer vision solutions are offered for various applications.
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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 |
|---|---|---|---|---|
| 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 Syte
Frequently Asked Questions about Syte
When was Syte founded?
Syte was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Syte located?
Syte is headquartered in Tel Aviv, Israel.
Is Syte a funded company?
Syte is a funded company, having raised a total of $59.5M across 4 funding rounds to date. The company's 1st funding round was a Series B of $21.5M, raised on Jul 18, 2017.
What does Syte do?
Syte was founded in 2015 in Tel Aviv, Israel, within the e-commerce sector. A visual search platform is offered, leveraging deep learning and image recognition technology. Images are analyzed to identify matching products, with prices sourced from various web retailers. Operations focus on enabling users to discover and compare items efficiently across online marketplaces.
How many acquisitions has Syte made?
Syte has made 1 acquisition, including Slyce.
Who are Syte's investors?
Syte has 21 investors. Key investors include NAVER, Poonawalla Fincorp, LINE, North Base Media, and Kreos Capital.
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