Loading organizations...
§ Private Profile · Israel
Xyte is a technology company.
Xyte develops an AI-powered cloud platform, functioning as a hardware-as-a-service solution for device manufacturers. The platform centralizes the management of connected device fleets, enabling orchestration, monitoring, and troubleshooting at scale. Its core capability lies in providing an end-to-end cloud infrastructure that supports modern, software-driven business models for hardware companies.
Established in 2019 in Tel Aviv, Xyte Technologies Ltd., previously known as SyncPro, emerged to address the growing need for comprehensive cloud-based solutions in the hardware sector. The company was founded on the insight that hardware manufacturers require sophisticated tools to efficiently manage their increasingly connected product ecosystems and transition towards recurring revenue models.
The platform serves B2B hardware manufacturers, with a notable presence among those developing AV/UC (Audio Visual/Unified Communications) equipment. Xyte's long-term vision is to empower these manufacturers to embrace digital transformation, ensuring seamless control and automation of their device deployments. It aims to eliminate operational blind spots, thereby enhancing device uptime and overall service delivery for its clients.
Xyte has raised $70.0M across 3 funding rounds.
Xyte has raised $70.0M in total across 3 funding rounds.
Xyte has raised $70.0M across 3 funding rounds. Most recently, it raised $30.0M Debt / Series A in January 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 16, 2024 | $30M Debt Financing | ROI BAR KAT | BlackRock, Mindset Ventures, Samsung Next, AYA Peterburg | Announced |
| Jan 1, 2024 | $30M Series A | Intel Capital | Insight Partners, Journey Ventures, S Capital VC, BlackRock, Mindset Ventures, Samsung Next, S Capital | Announced |
| Oct 26, 2022 | $10M Debt Financing | URI Galai | — | Announced |
Xyte has raised $70.0M in total across 3 funding rounds.
Xyte's investors include Roi Bar-Kat, BlackRock, Mindset Ventures, Samsung Next, Aya Peterburg, Intel Capital, Insight Partners, Journey Ventures, S Capital VC, S Capital, Uri Galai.
Xyte is a technology company that builds the Xyte Device Cloud (XDC), a full-stack, AI-powered servitization platform designed for device and hardware manufacturers.[1][2] It enables OEMs to cloudify, manage, service, support, and commercialize connected devices across their full lifecycle—from warehouse to aftermarket—transforming hardware into integrated hardware-software-service solutions.[1] Xyte serves manufacturers, system integrators, resellers, MSPs, in-house teams, and sectors like AV/UC, smart buildings, industrial, robotics, medical, automotive, and even everyday hardware like coffee machines.[1][2][3][4] The platform solves key problems such as device downtime, inefficient support, fragmented management, and missed revenue opportunities by offering centralized fleet management, proactive AI-driven monitoring, real-time issue resolution, no-code IT integrations, and firmware updates—reducing truck rolls, silencing help desks, and unlocking recurring revenues.[2]
With strong growth momentum, Xyte has secured funding and partnerships with market leaders like Middle Atlantic Products, while expanding across verticals amid rising demand for connected device ecosystems.[1]
Xyte was co-founded by Omer Brookstein, who serves as CEO, though specific founding year details are not detailed in available sources.[1] Brookstein's leadership has driven the company's focus on bridging software and hardware worlds, emerging from the need for hardware manufacturers to "servitize" devices—moving beyond one-time sales to ongoing cloud-based services and commerce.[1] The idea crystallized around creating the first all-in-one platform purpose-built for OEMs to handle connected devices holistically, differentiating from pure IoT management or e-commerce tools by combining connectivity, business solutions, and lifecycle management.[1] Early traction came through work with vertical leaders like Middle Atlantic Products in AV, validating Xyte's model across industrial, smart buildings, robotics, medical, and automotive sectors.[1]
Xyte rides the servitization and IoT expansion trend, where hardware shifts to subscription-based, cloud-managed services amid exploding connected devices in AV/UC, smart buildings, and Industry 4.0.[1][2] Timing is ideal as AI integration matures, enabling predictive maintenance and automation at scale—countering market forces like rising device complexity, supply chain disruptions, and demands for remote management post-pandemic.[2] Xyte influences the ecosystem by empowering OEMs to monetize data-rich devices, fostering partnerships across integrators and MSPs, and standardizing cloud bridges for legacy hardware, accelerating adoption in fragmented markets like pro AV and smart infrastructure.[1][3]
Xyte is poised to dominate as AI agents and edge computing proliferate, scaling its platform to more verticals and embedding deeper into enterprise IT stacks for autonomous device fleets. Trends like zero-trust IoT security, generative AI for support, and sustainability-driven energy management will propel growth, potentially through strategic acquisitions or expanded OEM alliances. Its influence could evolve from niche AV/IoT enabler to core infrastructure for hardware-as-a-service, redefining how manufacturers compete in a device-everywhere world—building directly on its mission to cloudify and servitize hardware at speed.[1][2]