Tech Company Financing Transactions
Syte.ai Funding Round
Syte.ai closed a $40 million Series C venture capital round on 10/22/2020. Investors included Viola Ventures, AxessVentures and Commerce Ventures.
Transaction Overview
Company Name
Announced On
10/22/2020
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$40,000,000
Round
Series C
Investors
Proceeds Purpose
The company intends to use the funds to expand its geographic reach and to support the growth of its product offering. With much of their early customer base in Europe, the Middle East, and Africa, Syte will focus on expansion in the United States and Asia-Pacific.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Route de Peney 2
Vernier, 1214
Switzerland
Vernier, 1214
Switzerland
Phone
Undisclosed
Website
Email Address
Overview
Our vision is simple, we want to empower consumers by giving them the ability of automatic visual search. One day, very soon, this will be the standard. The question is will YOUR customers be the first to enjoy this capability, or will you be the last to adapt? Will your company be a leader in innovation or will you follow your competition?
Management Team
Title
Name
Email & Social
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We report on tech company VC transactions. VC investment data records reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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