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Syte Acquires Top Visual Search Company Slyce To Expand North American Footprint

PRIVATESep 23, 2021

Acquiring Company

Syte

Acquired Company

Slyce

ItalyOtherProfessional ServicesCommerce And ShoppingCommunity And LifestyleInternet Services

Description

Syte, the leading Product Discovery Platform for retail, today announced that it has acquired both the fashion and furniture segments of Slyce, a US-based visual search company that has integrated its technology into the apps and websites of more than 60 major retailers, including Abercrombie & Fitch, New Look, and Ashley Furniture HomeStore.

Quick answer

Syte is acquiring Slyce, announced September 23, 2021.

How much did Syte pay for Slyce?
The deal value was not disclosed.
What does Syte do?
Syte is the world's first Product Discovery Platform for retail.
Where are Syte and Slyce based?
Slyce is based in Italy.

Source: Fundz verified event record.

Other recent acquisitions in Professional Services and Commerce And Shopping

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Company Information

Company

Syte

About

Syte is the world's first Product Discovery Platform for retail. It uses visual AI to create intuitive search and discovery experiences for all types of shoppers. Syte's solutions include visual and text search, automated product tagging, personalized recommendation carousels, and more. They use unique data generated by visual AI to help shoppers find the most relevant products. Brands and retailers like Farfetch, PrettyLittleThing, Signet Jewellers, Coleman Furniture, SHEIN, and Baycrew's, partner with Syte to drive eCommerce revenue and build long-term customer loyalty. To learn more about Syte's solutions, products, technology, patents, and trademarks, visit www.syte.ai. SOURCE Syte

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Frequently asked

Who acquired Slyce?

Slyce was acquired by Syte. The deal was reported on September 23, 2021. Syte is the world's first Product Discovery Platform for retail. It uses visual AI to create intuitive search and discovery experiences for all types of shoppers. Syte is privately held and operates in Other.

When did Syte acquire Slyce?

Syte's acquisition of Slyce was reported on September 23, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Slyce do?

Slyce's product and part recognition power visual search for mobile and embedded solutions. Discover the future of product search with camera search. It is privately held, and is based in Italy.

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