Syte

The company operates an enterprise software platform that applies computer vision and related AI to retail product discovery. It ingests merchant catalogues, automatically tags products at attribute level, and exposes capabilities such as image-based search, AI-enhanced text search, recommendation engines, and a syndication marketplace via APIs and packaged suites. Value is created by improving product discovery, conversion and average order value while reducing manual merchandising and tagging work for retail clients. Additional value is created by distributing merchant catalogues into shoppable placements on third-party sites and devices, generating incremental traffic and demand. Revenue is primarily from recurring software licences for the core suites, with potential add-on income from professional services for integration and (inferred) participation or revenue-share arrangements tied to marketplace distribution.

Syte Visual Conception is an Israel-based visual AI company focused on product discovery for online retail. It provides image-based search, automated product tagging, on-site search optimisation and personalisation tools that help fashion, home décor and jewellery retailers surface relevant products and recommendations across their digital channels.

The company generates revenue by selling its platform as enterprise software, largely through recurring licences and API-based access priced by expected volumes of image matches and usage. Its customers are retailers, brands and marketplaces that want to improve on-site discovery, search conversion, average order value and incremental traffic via a syndication marketplace across publisher and device partners.