Xyte Overview
Xyte Device Cloud delivers comprehensive benefits to the entire AV ecosystem by providing a single interface to manage all AV, UC, and intelligent building devices and spaces in the cloud. 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. With Xyte, AV and IT departments gain full visibility over their device fleet, reducing downtime, improving operational efficiencies, and extending device lifespans. Through Xyte, hardware manufacturers empower their customers and dealers with a cloud-based remote monitoring and management solution while building a foundation for powerful new subscription models. Xyte’s customers use our award-winning business and commerce platform to connect their products to the cloud, remotely manage and support those devices, and introduce premium feature upgrades, license entitlements and warranties, and other as-a-Service offerings.
Cumulative Funding Raised Over Time ($)
$10.0MJan 2024
$30.0MJan 2024
$36.4MNov 2021
Latest News
growth-positive
/PRNewswire/ -- Xyte, developer of the first all-in-one cloud platform for device manufacturers and system integrators, announces that Randy Klein, former...
Xyte, a developer of a cloud platform for device manufacturers and system integrators, has appointed Randy Klein as President of the Board of Directors. Klein, who has a significant history in the AV industry as the former President and CEO of Crestron Electronics, brings extensive experience and a visionary approach to Xyte. His appointment is expected to drive Xytes mission of establishing a unified industry standard for cloud-based collaboration and device management. Kleins leadership is anticipated to accelerate Xytes growth and innovation in the AV industry, positioning the company to lead in cloud-connected solutions. Xytes CEO, Omer Brookstein, expressed excitement about Kleins role in advancing the companys future.
Management Changes
growth-positive
Xyte raises $20 million Series A and lends $10 million from BlackRock to help OEMs manage their devices | CTech
Israeli startup Xyte, which has developed a servitization platform for device and hardware manufacturers, has raised $30 million in a funding round. The round included $20 million in Series A funding led by Intel Capital, with participation from Samsung Next, S Capital, and Mindset Ventures, as well as $10 million in venture lending from funds managed by BlackRock. The funds will be used to build a sales team in New York and Silicon Valley. Xytes platform enables manufacturers to manage the complete lifecycle of their connected devices, transforming them into integrated business solutions.
InvestmentExpand
growth-positive
Xyte Welcomes New Partners to Its Connected Device Platform
Xyte, a provider of the Connected Device Platform (CDP), has announced new partnerships with Legrand, Symetrix, and WyreStorm. These companies join existing partners to create an enhanced AV ecosystem. Xytes CDP allows hardware manufacturers and their channel partners to connect and collaborate in a unified cloud environment. This enables end users to have remote monitoring and support, preventative maintenance, and the possibility of new subscription-based business models. Xytes CEO, Omer Brookstein, expressed excitement about the new partnerships.
PartnersCustomersExpand
Growth-Positive
Xyte complements its CDMP with equipment financing program
Xyte, a pioneer of the Connected Device Management Platform (CDMP), has secured $10M in debt funding from Kreos Capital. The funding will be used to meet the growing demand for flexible equipment financing solutions from its customers. This complements the existing equity finance raised by Xyte. The company also announced its global expansion with the launch of operations in North America and aims to make Hardware as a Service (HaaS) accessible to every manufacturer. The partnership with Kreos Capital will provide manufacturers with financing options to transition to flexible as-a-Service business models.
InvestmentPartnersCustomersExpand
growth-positive
Intel Ignite Alum Xyte Will Present Its As-a-Service Cloud Platform and vPro Support at Intel Innovation 2022
Xyte, a pioneer in Connected Device Management Platform (CDMP), will present its full-stack cloud platform at Intel Innovation 2022. The companys CDMP allows equipment manufacturers to cloudify their products, provide better service and support, and commercialize their equipment with subscription-based models. Xyte is a graduate of the Intel Ignite start-up growth program and will be featured alongside other start-ups in the Intel Ignite zone. The program has generated significant value for Xyte, including valuable partnership opportunities with Intels business units. Xytes ambitious vision to enable hardware manufacturers to easily cloudify their devices and introduce new business models represents a significant growth opportunity. Xytes CDMP is the first integrated solution that enables companies to cloudify, service, support, and commercialize their connected devices.
Partners
| Sector | Industrial Technologies |
Funding
| Total funding | $26.4M |
| Last funding | $10M |
| Stage | A |
| Rounds | 3 |
| Investors | 8 |
Team Members
10
Employees: 51-200
Web & Social Links
| Website | www.xyte.ai |
| Careers | Careers page |
Locations
Ramat Gan, Israel
San Jose, CA, USA
Hoboken, NJ, USA
Photos & Videos
13 item(s)
Xyte Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Industrial TechnologiesProcess Automation & Intelligence SystemsTarget Customer
Industrial ManufacturingIndustrial EquipmentMachineryEngineeringManufacturing FacilitiesDiscrete IndustriesSemiconductors & ElectronicsAutomotivePrintingEnterprise & Professional ServicesITService ProvidersCore Technology
Platforms & InterfacesAPISoftwareData StorageCloudTags (3)
iotindustry-4.0remote-monitoringGeographic Markets
Northern EuropeNorth AmericaXyte Financials
$26.4M
Total funding
Undisclosed
Capital raised
$10M
Last funding
A
Funding stage
3
Total rounds
8
Investors
Cumulative Funding Raised Over Time ($)
$10.0MJan 2024
$30.0MJan 2024
$36.4MNov 2021
Private Equity Funding
Debt Financing
Jan 2024
$10M
BlackRock (Lead)
A Round
Jan 2024
$20M
Intel Capital (Lead)
,
Undisclosed Investor(s), Mindset Ventures, Samsung Next TLV
Seed
Nov 2021
$6.4M
S Capital VC (Lead)
,
Liad Agmon, Rani Wellingstein, Mindset Ventures
Xyte Lifecycle
Cumulative Funding Raised Over Time
$10.0MJan 2024
$30.0MJan 2024
$36.4MNov 2021
All Events
Debt Financing
Jan 2024
$10M
BlackRock (Lead)
A Round
Jan 2024
$20M
Intel Capital (Lead)
,
Undisclosed Investor(s), Mindset Ventures, Samsung Next TLV
Seed
Nov 2021
$6.4M
S Capital VC (Lead)
,
Liad Agmon, Rani Wellingstein, Mindset Ventures
Xyte News
11 articles
growth-positive
/PRNewswire/ -- Xyte, developer of the first all-in-one cloud platform for device manufacturers and system integrators, announces that Randy Klein, former...
Xyte, a developer of a cloud platform for device manufacturers and system integrators, has appointed Randy Klein as President of the Board of Directors. Klein, who has a significant history in the AV industry as the former President and CEO of Crestron Electronics, brings extensive experience and a visionary approach to Xyte. His appointment is expected to drive Xytes mission of establishing a unified industry standard for cloud-based collaboration and device management. Kleins leadership is anticipated to accelerate Xytes growth and innovation in the AV industry, positioning the company to lead in cloud-connected solutions. Xytes CEO, Omer Brookstein, expressed excitement about Kleins role in advancing the companys future.
Management Changes
growth-positive
Xyte raises $20 million Series A and lends $10 million from BlackRock to help OEMs manage their devices | CTech
Israeli startup Xyte, which has developed a servitization platform for device and hardware manufacturers, has raised $30 million in a funding round. The round included $20 million in Series A funding led by Intel Capital, with participation from Samsung Next, S Capital, and Mindset Ventures, as well as $10 million in venture lending from funds managed by BlackRock. The funds will be used to build a sales team in New York and Silicon Valley. Xytes platform enables manufacturers to manage the complete lifecycle of their connected devices, transforming them into integrated business solutions.
InvestmentExpand
growth-positive
Xyte Welcomes New Partners to Its Connected Device Platform
Xyte, a provider of the Connected Device Platform (CDP), has announced new partnerships with Legrand, Symetrix, and WyreStorm. These companies join existing partners to create an enhanced AV ecosystem. Xytes CDP allows hardware manufacturers and their channel partners to connect and collaborate in a unified cloud environment. This enables end users to have remote monitoring and support, preventative maintenance, and the possibility of new subscription-based business models. Xytes CEO, Omer Brookstein, expressed excitement about the new partnerships.
PartnersCustomersExpand
Growth-Positive
Xyte complements its CDMP with equipment financing program
Xyte, a pioneer of the Connected Device Management Platform (CDMP), has secured $10M in debt funding from Kreos Capital. The funding will be used to meet the growing demand for flexible equipment financing solutions from its customers. This complements the existing equity finance raised by Xyte. The company also announced its global expansion with the launch of operations in North America and aims to make Hardware as a Service (HaaS) accessible to every manufacturer. The partnership with Kreos Capital will provide manufacturers with financing options to transition to flexible as-a-Service business models.
InvestmentPartnersCustomersExpand
growth-positive
Intel Ignite Alum Xyte Will Present Its As-a-Service Cloud Platform and vPro Support at Intel Innovation 2022
Xyte, a pioneer in Connected Device Management Platform (CDMP), will present its full-stack cloud platform at Intel Innovation 2022. The companys CDMP allows equipment manufacturers to cloudify their products, provide better service and support, and commercialize their equipment with subscription-based models. Xyte is a graduate of the Intel Ignite start-up growth program and will be featured alongside other start-ups in the Intel Ignite zone. The program has generated significant value for Xyte, including valuable partnership opportunities with Intels business units. Xytes ambitious vision to enable hardware manufacturers to easily cloudify their devices and introduce new business models represents a significant growth opportunity. Xytes CDMP is the first integrated solution that enables companies to cloudify, service, support, and commercialize their connected devices.
Partners
growth-positive
יוצאת מהגראז': Xyte ממציאה מחדש את מערכת היחסים עם...
Xyte, an Israeli start-up, has developed a software that allows hardware companies to add a service aspect to their business, typically characteristic of SaaS companies. The software enables companies to manage the connected devices they have sold, continuing the direct dialogue with the customer and increasing their satisfaction. Xyte was founded in 2021 and has already raised $6.5 million in seed funding. The company has partnerships with Israeli companies such as ansā and Medical Davis, and is exploring collaborations with various divisions at Intel.
InvestmentPartnersCustomers
growth-positive
Randy Klein joins Xyte Advisory Board
Randy Klein, former president and CEO of Crestron Electronics, has joined Xyte as a member of its Advisory Board. Xyte is a Hardware-as-a-Service (HaaS) solution leader that aims to transform the hardware manufacturing ecosystem. Klein will support Xyte in its pursuit to allow device manufacturers to cloudify their devices, enhance support for customers and channels, and introduce new subscription-based business models. Xytes Connected Device Management Platform (CDMP) provides tools to turn products into services and transact recurring revenue at scale. With Kleins guidance, Xyte aims to lead the way for hardware manufacturers and system integrators in transitioning to the Hardware-as-a-Service business model. Xyte was founded in 2020 by Omer Brookstein and Boris Dinkevich.
PartnersExpand
growth-positive
Shifting to Subscription: Xyte aims to become Shopify for hardware manufacturers CTech
Xyte, formerly known as SyncPro, is a startup that pivoted from meeting room space management to create a breakthrough Hardware-as-a-Service (HaaS) platform. The co-founders, Omer Brookstein and Boris Dinkevich, realized that their technology could be applied to manage other systems, leading them to develop a suite of cloud-based tools called the Connected Device Management Platform (CDMP). Xyte aims to enable hardware manufacturers to modernize their businesses by adopting subscription-based models and remotely managing their connected devices. The company has gained traction with major clients and has recently doubled its team size. Xytes CEO, Brookstein, envisions the company becoming the next Shopify for hardware manufacturers.
CustomersExpand
growth-positive
Xyte - HaaS Platform
Xyte, a company that offers a Hardware-as-a-Service (HaaS) cloud platform, has secured $6.4M in a funding round led by S Capital. The platform allows hardware manufacturers to run their entire HaaS businesses, support their channels and customers, and develop new recurring revenue streams. Xytes platform also supports Digital Products, enabling manufacturers to remotely enable device features through subscriptions. The funding will be used to support and accelerate the development of the platform. Xyte has also partnered with S Capital, managed by former Sequoia and Intel Capital partners.
InvestmentPartners
growth-positive
SyncPro adds Zoom Rooms support to CloudOS platform
SyncPro has launched its Zoom app for its CloudOS multi-tenant SaaS platform, allowing system administrators to import Zoom Rooms into CloudOS and monitor each room. The CloudOS platform also provides built-in integration with ticketing systems and messaging platforms. Users can import hundreds of Zoom Rooms to CloudOS.
PartnersCustomers
growth-positive
CloudOS as a Service Is Now Available in Beta
SyncPro has announced the beta availability of its new CloudOS as a Service solution. The platform, built on Amazon Web Services, allows hardware manufacturers and partners to benefit from its features without developing proprietary cloud solutions. SyncPros partners can create their own tailored cloud solutions and offer different pricing tiers for customers. The announcement is expected to have a positive impact on the companys growth.
Partners
Xyte Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 52 |
| Team members | 10 |
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Xyte Internal
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Admin Info
| Confidence | 92/100 |
| Missing | markets, not claimed |
| BI Verification | Maor Perlov |
| Registrar ID | 516209061 |
| Crunchbase | xyte |
| Creator | Yotam Maman |
| Creator email | yotamm1988@gmail.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-06-30T00:00:00.000Z |
| Created | 2020-09-21T00:00:00.000Z |
| Claimed | Yes |