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Syte Revenue & Funding (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 over time$0$7.5M$15M$22.5M$30M$37.5M201520172019202120232024$0$12.1M$31.5MSource: GetLatka.com
YearMilestoneSource
2024Syte Hit $31.5m revenue in November 2024zoominfo.com
2023Syte Hit $19.3m revenue in December 2023Estimated
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$75M201520162017201820192020$61.6MSource: GetLatka.com
YearRoundAmountValuation% SoldSource
2020Series C$30M--
2019Series B$21.5M--
2017Series A$8M--
2016Series A$1.9M--
2015Seed Round$200K--

Founder / CEO

Ofer Fryman

CEO

Ofer Fryman is listed as CEO at Syte.

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Customers

We do not have customer count information for Syte yet.

Syte Employees & Team Size

Syte employs approximately 100 people as of 2026, down from 158 in 2023, including 14 sales reps that carry a quota.

Syte Team GrowthReported headcount over time0408012016020020152017201920212023202400100100Source: GetLatka.com
YearMilestoneSource
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)

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 across 5 rounds.

How many employees does Syte have?

Syte has 100 employees.

Where is Syte headquarters?

Syte is headquartered in Tel Aviv, Israel.

Compare Syte to the industry

Data and Sources

All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.

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