Syte Secures Investment to Expand AI-Powered Apparel eCommerce Solutions
Syte empowers apparel brands such as Perry Ellis, Hibbett Sports, and Monoprix to boost conversions and drive sales through its AI-powered platform.
Company Name: Syte
Location: NYC
Industry: AI-Powered Product Recommendation for Apparel eCommerce
Funding Details:
- Amount: Undisclosed
- Investors: Pereg Ventures, with participation from Magma VC, MizMaa, and Stardom Ventures
Purpose of Investment:
The funds will be used to expand Syte's market reach, optimize key eCommerce metrics, and redefine customer engagement for apparel brands.
Leadership:
- Ziv Ben-Barouch, CEO
Product:
Syte offers an AI-powered product recommendation engine tailored specifically for apparel eCommerce. Its proprietary algorithms, trained on billions of shopper interactions, analyze attributes like size, fit, color, style, and occasion to deliver personalized recommendations. Key features include:
- Dynamic Product Recommendations: Cross-sell, upsell, and solve out-of-stock challenges.
- Seamless Integration: Enhances customer experiences across product description pages, ‘shop the look’ features, email marketing, and checkout.
- eCommerce Optimization: Drives measurable sales growth by improving product discovery and conversion rates.
About the Company:
Syte empowers apparel brands such as Perry Ellis, Hibbett Sports, and Monoprix to boost conversions and drive sales through its AI-powered platform. With over 100 customers worldwide, spanning apparel, footwear, jewelry, and home decor, Syte is revolutionizing how brands connect with customers and optimize their online shopping journeys.
