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 May 31, 2026, the latest employee count at Syte is 63.

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 64th amongst 626 active competitors, of which 165 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Syte?

Syte's top competitors include Sift, Simplex and Profitero. Among them, Elliptic secured the most recent funding round in July, 2026.

Syte - 2026 Company Profile, Team, Funding & Competitors

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
Social

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

64^th among 626 active competitors

Employee Count

63 as on May 31, 2026

Investment & Acquisitions

Slyce & 1 more

Similar Companies

Sift & 1137 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:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 21, 2020	9810997	Series C	9191345	7376117	7117868	9677926
Oct 21, 2020	2062099	Conventional Debt	8908184	4868722	4086423	2441061
Sep 09, 2019	5203511	Series B	1268836	5149994	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 and Helge Voss. Vered Levy-ron is the CEO of Syte.

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

Ofer Fryman: Former Co-founder of Syte.
Helge Voss: Co-Founder & CTO of Syte.
Vered Levy-ron: CEO of Syte.

View details of Syte's Founder profiles and Board Members

Syte's employee count trend

Syte has 63 employees as of May 26. Here is Syte's employee count trend over the years:

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Top competitors of Syte include Sift, Simplex and Profitero. 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	Sift 1997, San Francisco (United States), Series D	Provider of an AI-powered platform for fraud detection and prevention	$162M	Insight Partners, Y Combinator & 22 others	75/100
2nd	Simplex 2014, Ramat Gan (Israel), Acquired	AI-based crypto payments and fraud prevention solutions for businesses	$19M	Cumberland Mining, FundersClub & 12 others	73/100
3rd	Profitero 2009, Dun Laoghaire (Ireland), Acquired	Platform offering E- Commerce analytics solutions	$28.2M	Scaleworks, Seedcamp & 10 others	73/100
4th	Fenergo 2009, Dublin (Ireland), Acquired	Cloud based KYC and AML management software	$181M	Ergo, Insight Partners & 26 others	70/100
5th	NICE Actimize 1999, Hoboken (United States), Acquired	Provider of AI-driven anti-money laundering and fraud detection solutions	$24M	Viola Group, Giza Venture Capital & 3 others	70/100
6th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	One Peak, Paladin Capital & 36 others	70/100
7th	Digio 2016, Bengaluru (India), Seed	Provider of digital solutions for KYC, document management, and digital signatures	$11.9M	Rainmatter, Groww & 3 others	69/100
8th	Bottomline Technologies 1989, Portsmouth (United States), Acquired	Provider of business payments automation, connectivity, cash management, and fraud solutions	-	Herald Investment Management, Trinity Capital ... & 2 others	69/100
9th	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
10th	TRUEPIC 2014, San Diego (United States), Series B	Online image and video authenticity solution to enterprise and consumer	$37.2M	M12, Adobe & 8 others	68/100
64th	Syte 2015, Tel Aviv (Israel), Acquired	Provider of E-Commerce visual search platform	$71M	Kreos Capital, Storm Ventures & 25 others	53/100