Syte powers a comprehensive suite of visual AI solutions for retail including visual search, intelligent product recommendations and more to improve customer experience and engagement. In industry benchmarks, Syte’s technology has been proven to be 90% accurate in image-to-image search leading them to be selected as a Gartner Cool Vendor in Retail AI, a strategic Microsoft Co-Sell partner, and as an innovative strategy partner by SAP Hybris. Syte aims to create the world’s largest visual marketplace, bringing consumers and retailers together by powering the visual search within Samsung and other major phone manufacturers.
Retailers currently utilizing Syte’s solutions include Farfetch, Kohl's, Marks & Spencer, boohoo, and more.
Syte has experience rapid growth since it's founding in 2014 and product launch in late 2017. They are represented by their headquarters in Tel Aviv as well as offices in London and Geneva. The company has raised $8 million from investors such as NHN Ventures, Naver Corporation and Line Corporation.