# Syte Visual Conception

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/syte-visual-conception

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.syte.ai
- Total disclosed funding: $61M
- Latest round: Series C (Oct 21, 2020)
- Investors on record: 16

## About

Syte Visual Conception Ltd. is an Israeli company specializing in AI-driven product discovery and recommendation solutions tailored for the apparel eCommerce industry, enhancing customer engagement and driving sales through advanced visual search technology.Founded in 2015 and headquartered in Tel Aviv-Yafo, Israel, Syte Visual Conception Ltd. focuses on AI-powered solutions for the apparel sector. The company has closed 7 deals, with its most recent funding round occurring on December 4, 2024, when it raised USD 30.00 mn in a SERIES C round led by Viola Group, including investors like Axess Ventures and Kreos Capital. The founders include Helge Voss, Idan Pinto, Ofer Fryman, and Sean Danowski, with Vered Levy-Ron serving as the CEO.Syte provides AI-powered product discovery and recommendation solutions specifically designed for the apparel eCommerce sector. Their services include visual search capabilities and personalized recommendation engines that help retailers connect consumers with products likely to be purchased. Key features include image search, an inspiration gallery, and recommendation engines such as 'Shop Similar' and 'Shop Social.' Syte serves apparel retailers across North America, Europe, and Asia, focusing on enhancing customer engagement and driving conversion rates.Syte operates a B2B revenue model by partnering with apparel retailers and eCommerce platforms, offering subscription-based services for its AI tools. These services are designed to improve conversion rates and revenue per user for clients while integrating seamlessly into existing eCommerce platforms. Pricing is tailored based on the client's needs and usage, aiming to maximize revenue growth for both parties.Following the recent funding round on December 4, 2024, Syte plans to enhance its proprietary technology and support business growth. The company will focus on developing new products and may target expansion into additional markets, though specific regions and timelines have not been disclosed. The funding will facilitate these initiatives, enabling Syte to further strengthen its technology and improve service offerings.

## Funding rounds

- Series C, Oct 21, 2020, $30M — Storm Ventures, Kreos Capital, Magma Venture Partners, Viola Group, Commerce Ventures, Naver, KDC Media Fund, MizMaa Ventures, La Maison Partners, Remagine Ventures, Axess Ventures, LG Technology Ventures
- Series B, Sep 9, 2019, $22M — Storm Ventures, Magma Venture Partners, Viola Group, Commerce Ventures, NHN Investment, Line Corporation, North Base Media, Naver, Qstar Capital, KDC Media Fund, Axess Ventures
- Series A, Jul 18, 2017, $8M — Magma Venture Partners, NHN Investment, Line Corporation, North Base Media, Naver, Qstar Capital, KDC Media Fund
- Series A, May 31, 2016, $1.9M — Magma Venture Partners

## Investors

- Magma Venture Partners (https://capitalatlas.ai/funds/magma-venture-partners) — Series A, Series B, Series C
- NHN Investment (https://capitalatlas.ai/funds/nhn-investment) — Series A, Series B
- Line Corporation — Series A, Series B
- North Base Media (https://capitalatlas.ai/funds/north-base-media) — Series A, Series B
- Naver — Series A, Series B, Series C
- Qstar Capital (https://capitalatlas.ai/funds/qstar-capital) — Series A, Series B
- KDC Media Fund (https://capitalatlas.ai/funds/kdc-media-fund) — Series A, Series B, Series C
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series B, Series C
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series B, Series C
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series B, Series C
- Axess Ventures — Series B, Series C
- Kreos Capital — Series C
- MizMaa Ventures (https://capitalatlas.ai/funds/mizmaa-ventures) — Series C
- La Maison Partners (https://capitalatlas.ai/funds/la-maison-partners) — Series C
- Remagine Ventures (https://capitalatlas.ai/funds/remagine-ventures) — Series C
- LG Technology Ventures (https://capitalatlas.ai/funds/lg-technology-ventures) — Series C