Total raised
$61.4M
Last: Debt Financing 2020-10
Stage
Mature
Founded
2015
Headcount
106
HQ
Tel Aviv-Yafo
Sector
Retail Platforms
About
Syte is a visual AI technology provider that supplies retailers with information about the motivations of individual shoppers in order to help them deliver the right products at the right time. Using highly accurate artificial intelligence, Syte enables retailers to improve their site navigation, product discovery, and user experience by powering solutions designed to engage and convert shoppers. Syte developed the camera feature for brands such as Farfetch, Marks & Spencer, boohoo, and Tommy Hilfiger, leveraging partnerships with technology companies including Microsoft and SAP. In 2019, Syte was referenced in two Gartner Hype Cycles.
Funding history · 5 rounds · $61.4M total
2020-10
Debt Financing
$10.0M
2020-10
Series C
$30.0M
2019-09
Series B
$21.5M
2017-07
Series A
$7.8M
Date unknown
Undisclosed
Undisclosed
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is the current operational status of Syte?
- Syte is currently inactive and ceased to operate in May 2025.
- When was Syte founded and what is its primary focus?
- Syte was founded in May 2015 and focuses on providing visual AI technology to retailers to improve shopper engagement and product discovery.
- What was the total amount of funding raised by Syte?
- Syte raised a total of $61.4 million in funding. For a full financing history, please refer to startupim.
- When did Syte complete its Series C funding round and who were the lead investors?
- In October 2020, Syte completed its Series C funding round, with Viola Ventures as a lead investor.
- What significant acquisition did Syte make in 2021?
- In September 2021, Syte acquired visual search company Slyce to expand its North American footprint.
- Did Syte experience any layoffs in 2022?
- Yes, in July 2022, Syte laid off 8% of its employees as part of preparations for an economic downturn, with existing investors providing additional funds.
- Who was appointed as the new CEO of Syte in August 2021?
- In August 2021, Vered Levy-Ron was appointed as the new CEO of Syte.
- What legal issue did Syte face involving its co-founders in August 2021?
- In August 2021, a lawsuit was filed against Syte by a co-founder, who was the ex-wife of another co-founder, seeking millions after being fired.
- What was the reason cited for Syte ceasing operations in May 2025?
- Syte ceased operations in May 2025 due to $11 million in debt and an inability to raise further investment.
Sectors & technology
Primary sector
Retail Platforms
Sub-sectors
Retail PlatformsServicesBusiness SoftwareSales & Marketing Solutions
Technologies
Artificial IntelligenceDeep LearningNatural Language ProcessingMachine LearningImage RecognitionSimulation & ImagingSensing
Target customers
Commerce & RetailConsumer GoodsConsumersRecreational & Lifestyle
Business model
B2B2CB2B
Highlights
Verified
Tags
ecommercemachine-learningsoftware-applicationsimage-recognitionshopping-experienceonline-shoppingvisual-searchartificial-intelligenceretailconsumersonline-retailerspublisherssaasmarketplacemobile-devicesmobile-carriersmobile-applicationschatbotfashionweb-platformretailersdeep-learning