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How Syte CEO Ofer Fryman grew Syte to $31.5M revenue with a 100 person team in 2024.

Syte.ai is a visual AI platform that enables retailers to provide visual search, recommendation, and personalization experiences to their customers. Their technology allows customers to search for products using images, find similar items, and receive personalized recommendations based on their visual preferences.

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Syte Revenue

In 2024, Syte's revenue reached $31.5M. The company previously reported $20.7M in 2024. Since its launch in 2015, Syte has shown consistent revenue growth.

Syte Revenue GrowthReported revenue / ARR by year$0$8M$15M$23M$30M$38M201520172019202120232024$0$12M$19M$32MSource: GetLatka.com
YearMilestone
2024Syte Hit $31.5m revenue in November 2024Source
2024Syte Hit $20.7m revenue in October 2024
2023Syte Hit $19.3m revenue in December 2023
2020Syte Hit $12.1m revenue in August 2020
2015Launched with $0 revenue

Syte Valuation, Funding Rounds

Syte has not publicly disclosed its valuation. The company has raised $61.6M in total funding to date.

Syte has raised $61.6M in total funding across 5 rounds, most recently a $30M Series C round in 2020.

Syte Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)$0$15M$30M$45M$60M$75M2015201620172018201920202015 cumulative: $200K • 2015 Seed Round: $200K2016 cumulative: $2M • 2015 Seed Round: $200K • 2016 Series A: $2M2017 cumulative: $10M • 2015 Seed Round: $200K • 2016 Series A: $2M • 2017 Series A: $8M2019 cumulative: $32M • 2015 Seed Round: $200K • 2016 Series A: $2M • 2017 Series A: $8M • 2019 Series B: $22M2020 cumulative: $62M • 2015 Seed Round: $200K • 2016 Series A: $2M • 2017 Series A: $8M • 2019 Series B: $22M • 2020 Series C: $30M$62MSource: GetLatka.com
YearRoundAmountValuation% Sold
2020Series C$30M--
2019Series B$21.5M--
2017Series A$8M--
2016Series A$1.9M--
2015Seed Round$200K--

Syte Employees & Team Size

Syte employs approximately 100 people as of 2026, down from 158 in 2023.

Syte has 100 total employees in different roles and functions and 14 sales reps that carry a quota.

Syte Team GrowthReported headcount over time0408012016020020152017201920212023202400100100Source: GetLatka.com
YearMilestone
2024Reached 100 employees (December 2024)
2024Reached 106 employees (October 2024)
2023Reached 158 employees (December 2023)
2023Reached 144 employees (September 2023)
2023Reached 158 employees (January 2023)
2022Reached 159 employees (December 2022)
2022Reached 166 employees (January 2022)
2021Reached 171 employees (December 2021)
2021Reached 170 employees (August 2021)
2020Reached 129 employees (December 2020)
2020Reached 11 employees (August 2020)
2020Reached 96 employees (June 2020)
2019Reached 75 employees (December 2019)
2018Reached 41 employees (December 2018)

Founder / CEO

Ofer Fryman

Ofer Fryman is listed as Founder / CEO at Syte.

Q&A

QuestionAnswer
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Customers

We do not have customer count information for Syte yet.

Frequently Asked Questions about Syte

What is Syte's revenue?

Syte generates $31.5M in revenue.

Who founded Syte?

Syte was founded by Ofer Fryman.

Who is the CEO of Syte?

The CEO of Syte is Ofer Fryman.

How much funding does Syte have?

Syte raised $61.6M.

How many employees does Syte have?

Syte has 100 employees.

Where is Syte headquarters?

Syte is headquartered in Tel Aviv, Israel.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Syte Revenue 2024: $31.5M ARR, $61.6M Raised