Xyte

Tel Aviv, Israel Founded: 2019 • Age: 7 yrs
Cloud-based servitization platform is provided for OEM connected devices.
Annual revenue - Latest available
Total funding $20.0M 4 rounds
Employees - Tracked headcount
Investors 7 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Xyte

Xyte is a company based in Tel Aviv (Israel) founded in 2019 by Omer Brookstein and Boris Dinkevich. It operates as a SaaS (Software-as-a-Service) and Subscription Services. Xyte has raised $20 million across 4 funding rounds from investors including BlackRock, Kreos Capital and Intel Capital. Xyte offers products and services including Xyte Device Cloud, Xyte Hubs, and Xyte Universal Device APIs. Xyte operates in a competitive market with competitors including Memfault, Hara, Arch Systems, Thingtrax and Smart Modular Technologies, among others.

  • Headquarter Tel Aviv, Israel
  • Founders Omer Brookstein, Boris Dinkevich
  • Sectors
    Technology
  • Email
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  • Phone
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  • Website
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  • Social
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Operational Areas
Technology → Internet of Things (IoT) & Connectivity Unlock Sub-Sector Unlock Segment
Technology → Cloud, Data & Analytics Infrastructure Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $20 M (USD)

    in 4 rounds

  • Latest Funding Round
    $20 M (USD), Series A

    Jan 16, 2024

  • Investors
    BlackRock

    & 6 more

  • Employee Count
    Not available
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Products & Services of Xyte

Xyte offers a comprehensive portfolio of products and services, including Xyte Device Cloud, Xyte Hubs, and Xyte Universal Device APIs.

Product name locked
Category locked
Primary

A platform for managing AV/UC device fleets.

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Modular solution for adopting cloud subscription services.

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API connecting thousands of devices for integration.

People of Xyte

Headcount 10-50
Employee Profiles 23
Employee Profiles
People
Karin Yurchenko
QA Lead
People
Daniel Hollander
Frontend Engineer
People
Shani Harpak
Employee Experience & Office Manager
People
Shayne McDonald
Sales Manager

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Funding Insights of Xyte

Xyte has successfully raised a total of $20M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in January 2024. 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 Xyte

Xyte has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include BlackRock, Kreos Capital and Intel Capital.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investment in technology startups focusing on compute, AI, and related innovations.
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Venture capital fund investing in early-stage tech startups
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Investments are directed by S Capital VC across multiple sectors.
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Investor details for Xyte

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Investments & Acquisitions by Xyte

Investments
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Investment portfolio details for Xyte

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Financial Statements - Xyte

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Detailed financials for Xyte

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Xyte Comparisons

Xyte Primary company
Description
Cloud-based servitization platform is provided for OEM conne...
Location
Tel Aviv, Israel
Founded Year
2019
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Xyte

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Competitors of Xyte

Xyte 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 Memfault, Hara, Arch Systems, Thingtrax and Smart Modular Technologies, among others.

Company Name Domain Founded year HQ Location Description
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Embedded software patch management is delivered for consumer electronics devices.
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Energy and sustainability management is facilitated via a cloud-based platform.
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Cloud-based platforms and devices for IoT remote applications are developed.
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Cloud-based solutions for monitoring manufacturing operations are provided.
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Manufacturer of non-volatile memory solutions
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Detailed competitors of Xyte

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Latest news on Xyte

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Complete news archive for Xyte

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Frequently Asked Questions about Xyte

Xyte was founded in 2019 and raised its 1st funding round 3 years after it was founded.

Xyte is headquartered in Tel Aviv, Israel.

Omer Brookstein is the current CEO of Xyte. They have also founded this company.

Xyte is a funded company, having raised a total of $20M across 4 funding rounds to date.

Xyte is engaged in delivering an AI-driven cloud platform for managing and monitoring connected devices at scale. Solutions are provided for in-house ITAVUC teams, dealers, system integrators, and professional audio-video manufacturers. The platform supports smart building systems and offers integrations with third-party tools. Sectors served include IoT, AV, and remote monitoring, with a focus on reducing downtime and enhancing operational efficiency through real-time monitoring and AI automation.

Xyte's top competitors include Memfault, Hara and Arch Systems.

Xyte offers Xyte Device Cloud, Xyte Hubs, and Xyte Universal Device APIs.

Xyte has 7 investors. Key investors include BlackRock, Kreos Capital, Intel Capital, Samsung NEXT, and S Capital VC.

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