Xyte
Cloud Services Management Platform for Hardware Manufacturers, Integrators, and In-House AV/IT teams
Company Overview
Snapshot
Founded in January 2019 by Omer Brookstein and Boris Dinkevich, Xyte operates with 51–200 employees. The company has raised $26.4 million across 3 funding rounds from 8 investors. In January 2024, Xyte secured debt financing from BlackRock.
Business overview
Xyte provides a cloud services management platform designed for hardware manufacturers, system integrators, and in-house AV/IT teams. Its core product, the Xyte Device Cloud, offers a unified interface for managing AV, UC, and intelligent building devices and spaces in the cloud. The platform enables system integrators and dealers to establish recurring revenue streams through managed services, remote issue resolution, and comprehensive device monitoring. Xyte serves the industrial technologies sector, helping AV and IT departments gain visibility over their device fleets, reduce downtime, and improve operational efficiencies, while also empowering hardware manufacturers with cloud-based remote monitoring and management solutions and new subscription models.
Strategic signal
In January 2024, Xyte raised $20 million in Series A funding and secured an additional $10 million in debt financing from BlackRock. This significant capital infusion, alongside strategic investments from Intel Capital, indicates strong investor confidence in Xyte's vision to transform hardware manufacturing into a services-led model, providing a robust signal of market validation and accelerated growth potential for its cloud-based device management platform.
Log in to access full profile ›Company Intelligence Q&A
- When was Xyte founded?
- Xyte was founded in January 2019 by Omer Brookstein and Boris Dinkevich.
- What is Xyte's primary offering?
- Xyte offers the Xyte Device Cloud, a cloud services management platform for hardware manufacturers, integrators, and in-house AV/IT teams, providing a single interface to manage AV, UC, and intelligent building devices and spaces.
- What is the Xyte Connect+ ecosystem?
- The Xyte Connect+ ecosystem enables system integrators and dealers to launch or expand their managed services business, creating recurring revenue streams through remote issue resolution and comprehensive device monitoring.
- What was a notable development for Xyte in late 2023?
- In November 2023, Xyte introduced Connect, a unified environment designed for connectivity and collaboration among manufacturers, channel partners, and end-users. The company also complemented its CDMP with an equipment financing program.