Tech | Tel Aviv

Syte Closes $30M Series C Financing for Visual AI Product Discovery E-Commerce Platform

Syte, the world's first visual AI product discovery platform allowing brand customers to discover and purchase products online instantly, intuitively and visually, closed a $30 million Series C funding round led by Viola Ventures joined by LG Tech Ventures, La Maison, MizMaa Ventures, Kreos Capital. Existing investors Magma, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, Remagine Media Ventures, and KDC Media Fund also participated. Funds will be used to scale up the platform, develop their hyper-personalization engine for AI assisted personalized shopping and expand into the North American market. [Full story]