Fundraising Fox

Syte

Founded 2015 Β· 65 employees on LinkedIn Β· 18 known investors

Syte provides visual AI-powered product discovery solutions for e-commerce retailers, including visual search, product tagging, and personalized recommendations to increase shopper conversion and lifetime value.

Also known as Syte.ai

Investors Β· 18

Also in the syndicate Β· 12

Axess VenturesKDC Media FundKDC VenturesLa MaisonLine Corp.MagmaMagma VCNaver Corp.Naver CorporationNBM VenturesNHN VenturesleadRemagine VC

Company profile

researched Aug 2026

Syte is a product discovery software company that applies visual AI to ecommerce search, recommendations and merchandising. Its platform includes image-based search with an inspiration gallery, visual recommendation engines such as "Shop Similar," "Shop Social" and "Shop the Look/Room," personalized recommendations, and marketing tools driven by visual AI. A second product line covers automated product tagging and merchandising, with AI "Deep Tags," deep tag analytics, thematic tags, and a tag editor and lexicon manager used to enrich catalogs and improve text search results.

The company describes itself as the first Product Discovery Platform, having started as an image search company and later added augmented site search, hyper-personalization, marketing tools, and in-store solutions such as smart mirrors linking online and offline channels. Its deep-learning search engine was built specifically for fashion products, which the founders describe as harder to recognize because the same garment appears differently when worn, hung, photographed in a catalog or seen on a red carpet. After integration, shoppers can hover over an item in a photo and receive results for visually similar products available for sale; retailers also use the technology to surface alternatives when items are out of stock and to circulate inventory that shoppers rarely see.

Following the December 2024 investment by Pereg Ventures, Syte positions itself as an AI-powered product recommendation engine built specifically for apparel ecommerce, with proprietary algorithms trained on billions of shopper interactions to model attributes such as size, fit, color, style, material and occasion. The engine integrates across the ecommerce journey, from product description pages and "shop the look" modules to email marketing and checkout, supporting cross-sell, upsell, out-of-stock recovery and product discovery.

Compiled by commissioned research from 7 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
CustomersDec 2024100 customers
EmployeesJan 2024150 people
Reported average order value uplift (case study)Jan 202440%
Reported conversion rate uplift (case study)Jan 20247.1 x higher conversion rate
Reported increase in average revenue per user (case study)Jan 2024829%
Total funding raisedJan 2020$71M

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Founder mafia

2 people who came through Syte went on to found or lead other companies.

Competitors Β· 4

by search overlap

Companies competing with Syte for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 7

launches, deals, and filings
Dec 2024
Pereg Ventures acquires controlling stake in Syte

New York-based Pereg Ventures acquired a controlling stake in Syte in an investment that also included Magma VC, MizMaa and Stardom Ventures.

source β†—

Dec 2024
Ziv Ben-Barouch appointed CEO

Ziv Ben-Barouch, Co-Founder of Pereg Ventures, was appointed CEO of Syte; Itzhak Fisher, Pereg Co-Founder and Managing Partner, joined Syte's board.

source β†—

Jan 2021
Named a top 15 company on the rise in Israel

Syte was chosen as one of the top 15 companies on the rise in Israel in 2021.

source β†—

Jan 2021
Named to CB Insights AI 100

Syte was selected as one of CB Insights' AI 100 list of artificial intelligence startups redefining industries.

source β†—

Jan 2020
Syte raises $30M Series C

Series C round of $30 million led by Viola Ventures and LG Technology Ventures, bringing total capital raised to $71 million; proceeds earmarked for scaling the product discovery platform, developing and acquiring additional technologies, advancing the hyper-personalization engine and expanding into North America in 2021.

$30M source β†—

Jan 2019
Shortlisted for Drapers Awards, Best Innovation in Fashion Retail

Syte was shortlisted for the 2019 Drapers Awards in the Best Innovation in Fashion Retail category, and was mentioned in two Gartner Hype Cycles in 2019.

source β†—

Jul 2017
Syte closes $8M Series A led by NHN Ventures

Syte announced an $8 million Series A led by NHN Ventures, with participation from Naver Corp., Line Corp., Magma VC, Remagine VC, KDC Ventures and NBM Ventures, to fund marketing and growth in the U.S.

$8M source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 7

primary sources listed
  • Sytesyte.ai Β· web

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Syte do?
Israeli-founded company providing visual AI product discovery, recommendations and automated tagging for apparel ecommerce.
Who are Syte's investors?
Syte's investors include 10D, Bright Pixel Capital, MizMaa Ventures, Stardom, Storm Ventures, Commerce Ventures.