Retail TouchPoints: Product Discovery Platform Raises $40 Million in Funding and Debt


Originally published on Retail TouchPoints.

Syte has raised $30 million in Series C funding and an additional $10 million in debt in a round that brings the solution provider’s total funding to $71 million. The product discovery solution provider will use the funding to expand its geographic reach, with a focus on expansion in the U.S. and Asia-Pacific.

The Syte platform includes features such as camera search, personalization and recommendation engines, and eCommerce search and merchandising solutions. Retailers utilizing the technology include Signet Jewelers, Farfetch, Castorama and Fashion Nova.

“In the new age of eCommerce, the brands and retailers that create truly individualized and memorable customer experiences will thrive, and our mission is to help them do so,” said Ofer Fryman, CEO and Co-founder of Syte in a statement.

Read the full article on Retail TouchPoints.