When was Syte founded?

Syte was founded in 2015 and raised its 1st funding round 2 years after it was founded.

Where is Syte located?

Syte is headquartered in Tel Aviv, Israel.

How many employees does Syte have?

As of Jul 01, 2024, the latest employee count at Syte is 51 - 200.

Is Syte a funded company?

Syte is a funded company, having raised a total of $71M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 18, 2017.

When was the latest funding round of Syte?

Syte's latest funding was a $***** Series C round on Oct 21, 2020, with participation from 12 investors.

Where does Syte rank among its competitors?

Syte ranks 14th amongst 643 active competitors, of which 173 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Sift, which secured $507K in Oct, 2025.

Who are the top competitors of Syte?

Syte's top competitors include Profitero, Sift and NICE Actimize. Among them, Sift secured the most recent funding round in October, 2025.

Syte - 2026 Company Profile, Team, Funding & Competitors

Syte is an acquired company based in Tel Aviv (Israel), founded in 2015 by Ofer Fryman, Helge Voss and Idan Pinto. It operates as a Provider of E-Commerce visual search platform. Syte has raised $71M in funding from investors like Viola Group, NHN Investment and Viola Ventures. The company has 643 active competitors, including 173 funded and 111 that have exited. Its top competitors include companies like Profitero, Sift and NICE Actimize.

Company Details

Syte is a visual search tool based on image recognition technology. Their technology analyzes the image and offers the matching objects with the prices from all across the web. Uses deep learning technology.

Website: syte.ai
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Key Metrics

Founded Year

2015

Location

Tel Aviv, Israel

Stage

Acquired

Total Funding

$71M in 4 rounds

Latest Funding Round

Series C, Oct 21, 2020, $*****

Investors

Viola Group & 26 more

Ranked

14^th among 643 active competitors

Employee Count

51 - 200 as on Jul 01, 2024

Investment & Acquisitions

Slyce & 1 more

Similar Companies

Algolia & 1163 more

Exit Details

Acquired by Pereg Ventures (Dec 04, 2024)

View Syte's full profile

Syte got acquired by Pereg Ventures, Magma Venture Partners, MizMaa and Stardom Ventures on Dec 04, 2024.

Click here to take a look at Syte's acquisition in detail

Syte has raised a total funding of $71M over 4 rounds. Its first funding round was on Jul 18, 2017. Its latest funding round was a Series C round on Oct 21, 2020 for $*****. 12 investors participated in its latest round. Syte has 27 institutional investors.

Here is the list of recent funding rounds of Syte:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 21, 2020	2168656	Series C	5721594	9774637	6650861	5105516
Oct 21, 2020	6092117	Conventional Debt	8706598	8136509	3536804	3345790
Sep 09, 2019	1232452	Series B	7794483	6993394	Viola Ventures	Storm Ventures & 4 more

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View details of Syte's funding rounds and investors

The founders of Syte are Ofer Fryman, Helge Voss and Idan Pinto.

Here are the details of Syte's key team members:

Ofer Fryman: Former Co-founder of Syte.
Helge Voss: Co-Founder & CTO of Syte.
Idan Pinto: Co-Founder & Coo of Syte.

View details of Syte's Founder profiles and Board Members

Syte's employee count trend

Syte has 51 - 200 employees as of Jul 24. Here is Syte's employee count trend over the years:

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Top competitors of Syte include Profitero, Sift and NICE Actimize. Here is the list of Top 10 competitors of Syte, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Profitero 2009, Dun Laoghaire (Ireland), Acquired	Platform offering E- Commerce analytics solutions	$28.2M	Scaleworks, Seedcamp & 10 others	72/100
2nd	Sift 1997, San Francisco (United States), Series D	Provider of an AI-powered platform for fraud detection and prevention	$162M	Insight Partners, Union Square Ventures & 22 others	71/100
3rd	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Viola Group, FTV Capital & 3 others	70/100
4th	Fenergo 2009, Dublin (Ireland), Acquired	Cloud based KYC and AML management software	$181M	Ergo, Insight Partners & 25 others	70/100
5th	EverC 2011, New York (United States), Acquired	AI-enabled transaction monitoring solutions for financial institutions	$48M	Viola Group, Red Dot Capital Partners & 7 others	70/100
6th	Featurespace 2005, Cambridge (United Kingdom), Acquired	Developer of risk management and fraud prevention software solutions	$111M	Imperial Innovations, Merian Global Investors ... & 24 others	69/100
7th	HYPR 2014, New York City (United States), Series D	Provider of passwordless multi-factor authentication, identity verification, and risk management	$131M	RRE Ventures, Advent International & 14 others	69/100
8th	Cytora 2012, London (United Kingdom), Acquired	Risk management solutions for insurers and underwriters	$41.5M	Parkwalk, EQT & 41 others	69/100
9th	Ravelin Technology 2014, London (United Kingdom), Acquired	Provider of AI-native fraud and abuse prevention solutions for merchants	$37.2M	Amadeus Capital, Passion Capital & 12 others	69/100
10th	Elliptic 2014, London (United Kingdom), Series C	Provider of blockchain analytics and crypto compliance solutions for enterprises	$104M	Paladin Capital, Evolution Equity Partners ... & 30 others	68/100
14th	Syte 2015, Tel Aviv (Israel), Acquired	Provider of E-Commerce visual search platform	$71M	Kreos Capital, Viola Group & 25 others	67/100