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
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Sectors
Technology
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Email
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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
$20 M (USD)
in 4 rounds
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Latest Funding Round
$20 M (USD), Series A
Jan 16, 2024
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Investors
BlackRock
& 6 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for managing AV/UC device fleets.
Modular solution for adopting cloud subscription services.
API connecting thousands of devices for integration.
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $20.0M
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First Round
First Round
(27 Oct 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Debt – Venture - Xyte | Valuation |
investors |
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| Jan, 2024 | Amount | Series A - Xyte | Valuation | Intel Capital | |
| Apr, 2023 | Amount | Debt – Convertible - Xyte | Valuation | Mindset Ventures , Sequoia Capital |
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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 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. 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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Investment in technology startups focusing on compute, AI, and related innovations.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Investments are directed by S Capital VC 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 Xyte
| 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 |
Financial Statements - Xyte
| 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 |
Xyte Comparisons
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. 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 |
Embedded software patch management is delivered for consumer electronics devices.
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| domain | founded_year | HQ Location |
Energy and sustainability management is facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Cloud-based platforms and devices for IoT remote applications are developed.
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| domain | founded_year | HQ Location |
Cloud-based solutions for monitoring manufacturing operations are provided.
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| domain | founded_year | HQ Location |
Manufacturer of non-volatile memory solutions
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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 Xyte
Frequently Asked Questions about Xyte
When was Xyte founded?
Xyte was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Xyte located?
Xyte is headquartered in Tel Aviv, Israel.
Who is the current CEO of Xyte?
Omer Brookstein is the current CEO of Xyte. They have also founded this company.
Is Xyte a funded company?
Xyte is a funded company, having raised a total of $20M across 4 funding rounds to date. The company's 1st funding round was a Debt – Convertible of $2M, raised on Oct 27, 2022.
What does Xyte do?
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.
Who are the top competitors of Xyte?
Xyte's top competitors include Memfault, Hara and Arch Systems.
What products or services does Xyte offer?
Xyte offers Xyte Device Cloud, Xyte Hubs, and Xyte Universal Device APIs.
Who are Xyte's investors?
Xyte has 7 investors. Key investors include BlackRock, Kreos Capital, Intel Capital, Samsung NEXT, and S Capital VC.
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