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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
- Investments & Acquisitions
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Acquired by
Pereg Ventures
(Dec 04, 2024)
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People of Syte
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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.
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.
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Investments are made in early-stage technology companies globally.
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Investment in early-stage companies across AI, biotech, and cleantech sectors with access to global resources.
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Venture debt is provided to growth-stage companies across multiple sectors.
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Investor details for Syte
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Investments & Acquisitions by Syte
Syte has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Slyce.
Investment portfolio details for Syte
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| 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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Complete acquisition details for Syte
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Financial Statements - Syte
Detailed financials for Syte
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Syte Comparisons
Peer comparison for Syte
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI-based software for object and image recognition is provided.
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Provides advanced visual search and image recognition API solutions for businesses.
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AI-based visual search and recognition tools are provided for e-tailers.
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Imaging and computer vision solutions are offered for various applications.
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Visual recognition technology for MRO parts identification is offered.
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Detailed competitors of Syte
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Latest news on Syte
Complete news archive for Syte
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Frequently Asked Questions about Syte
Syte was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Syte is headquartered in Tel Aviv, Israel.
Syte is a funded company, having raised a total of $59.5M across 4 funding rounds to date.
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.
Syte has made 1 acquisition, including Slyce.
Syte has 21 investors. Key investors include NAVER, Poonawalla Fincorp, LINE, North Base Media, and Kreos Capital.