Syte Overview
- Year Founded
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2015
- Status
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Private
- Employees
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104
- Latest Deal Type
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Buyout/LBO
- Investors
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25
Syte General Information
Description
Developer of a visual search technology designed to change how people search and shop for fashion online. The company's technology utilizes artificial intelligence to find desired fashion items using images by matching them up with its metadata and then seeing pictures of products that are similar to them, it includes visual search, out-of-stock, and shop-the-look recommendations, as well as smart merchandising tools, enabling enterprises to deliver intuitive and delightful shopping experiences that drive revenues and brand loyalty.
Contact Information
Website
www.syte.aiCorporate Office
- 14 Weizmann Street
- Tel Aviv 6761310
- Israel
Corporate Office
- 14 Weizmann Street
- Tel Aviv 6761310
- Israel
Syte Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 10. Buyout/LBO | 04-Dec-2024 | Completed | Generating Revenue | |||
| 9. Accelerator/Incubator | 25-Oct-2022 | Completed | Generating Revenue | |||
| 8. Secondary Transaction - Private | 01-Apr-2021 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series C) | 21-Oct-2020 | Completed | Generating Revenue | |||
| 6. Early Stage VC (Series B) | 09-Sep-2019 | Completed | Generating Revenue | |||
| 5. Accelerator/Incubator | 02-Sep-2019 | Completed | Generating Revenue | |||
| 4. Accelerator/Incubator | 26-Jun-2018 | Completed | Generating Revenue | |||
| 3. Accelerator/Incubator | 15-Oct-2017 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A1) | 18-Jul-2017 | $8M | $9.9M | Completed | Generating Revenue | |
| 1. Early Stage VC (Series A) | 31-May-2016 | $1.92M | $1.92M | Completed | Generating Revenue |
Syte Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Preferred C | ||||||||
| Preferred B2 | ||||||||
| Preferred B1 | ||||||||
| Preferred A1 | 7,212,120 | $0.001000 | $0.79 | $0.79 | 1x | $0.79 | 15.56% | |
| Preferred A | 5,937,990 | $0.001000 | $0.32 | $0.32 | 1x | $0.32 | 12.81% |
Syte Comparisons
Industry
Financing
Details
Syte Competitors (29)
One of Syte’s 29 competitors is ViSenze, a Venture Capital-Backed company based in Singapore, Singapore.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ViSenze | Venture Capital-Backed | Singapore, Singapore | ||||
| GumGum | Venture Capital-Backed | Santa Monica, CA | ||||
| Algolia | Venture Capital-Backed | Palo Alto, CA | ||||
| Lily AI | Venture Capital-Backed | Mountain View, CA | ||||
| Nosto | Venture Capital-Backed | Helsinki, Finland |
Syte Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Syte Patents
Syte Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20160343149-A1 | System and process for automatically finding objects of a specific color | Active | 24-Jan-2011 | ||
| US-10127688-B2 | System and process for automatically finding objects of a specific color | Active | 24-Jan-2011 | ||
| US-8744180-B2 | System and process for automatically finding objects of a specific color | Active | 24-Jan-2011 | ||
| US-9412182-B2 | System and process for automatically finding objects of a specific color | Active | 24-Jan-2011 | ||
| US-9710928-B2 | System and process for automatically finding objects of a specific color | Active | 24-Jan-2011 | G06Q10/00 |
Syte Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Syte Investors (25)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Magma Partners | Venture Capital | Minority | ||
| Pereg Ventures | Venture Capital | Minority | ||
| Stardom Ventures | Venture Capital | Minority | ||
| Amazon Web Services | Corporation | |||
| Cento Ventures | Venture Capital | Minority |
Syte Acquisitions (2)
Syte’s most recent deal was a Merger/Acquisition with Slyce. The deal was made on 22-Sep-2021.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Slyce | 22-Sep-2021 | Merger/Acquisition | Business/Productivity Software | ||
| Slyce (Fashion And Furniture Segments) | 22-Sep-2021 | Merger/Acquisition | Business/Productivity Software |
Syte FAQs
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When was Syte founded?
Syte was founded in 2015.
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Where is Syte headquartered?
Syte is headquartered in Tel Aviv, Israel.
-
What is the size of Syte?
Syte has 104 total employees.
-
What industry is Syte in?
Syte’s primary industry is Business/Productivity Software.
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Is Syte a private or public company?
Syte is a Private company.
-
What is Syte’s current revenue?
The current revenue for Syte is .
-
How much funding has Syte raised over time?
Syte has raised $71.4M.
-
Who are Syte’s investors?
Magma Partners, Pereg Ventures, Stardom Ventures, Amazon Web Services, and Cento Ventures are 5 of 25 investors who have invested in Syte.
-
Who are Syte’s competitors?
ViSenze, GumGum, Algolia, Lily AI, and Nosto are some of the 29 competitors of Syte.
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