TEL AVIV, Israel--(BUSINESS WIRE)--Syte, a leader in Visual AI for retail, announced today that it has been named a SAP Innovation Partner. SAP will use Syte’s Visual AI to offer retailers advanced personalization capabilities for shoppers and to assist in quantifying and leveraging the impact of influencer marketing on retail’s bottom line.
Syte has risen as a leader in the Visual AI market due to its superior accuracy and impressive list of retail clients, which includes Farfetch, Tommy Hilfiger, Marks & Spencer and Zalando. Currently, Syte uses Visual AI technology to power visual search, product recommendations, deep product tagging, and more, in order to help retailers stay relevant in the fast-evolving retail industry.
“To add SAP to our list of partners is an incredible accomplishment for Syte,” said Ofer Fryman, Syte’s CEO & Co-founder. “SAP’s eagerness to innovate will allow us to apply our technology to solve some of retail’s strongest pain points.”
The promise of Visual AI-powered solutions is clearly not falling on deaf ears. At the most recent National Retail Federation (NRF) conference, Syte drew crowds when they showcased their Smart Mirror technology at the SAP booth, allowing users to automatically see similar and complementary clothing items to what they were wearing.
As retail continues to innovate at lightning speed, partnerships like these present huge opportunities, allowing scalable adoption of some of the world’s most innovative technology.
Syte is a Visual AI technology provider that empowers retailers to tap into the personal inspiration of individual shoppers and deliver the right products at the right time, using the most accurate artificial intelligence on the market. Founded in 2015, Syte developed the camera feature for leading brands such as Farfetch, Marks & Spencer, boohoo, Tommy Hilfger, and numerous others, leveraging partnerships with technology innovators, including Microsoft, and SAP. To date, the company has raised $30 million from investors including Viola Ventures, Storm Ventures, Commerce Ventures, Axess Ventures, NHN Ventures, Magma, Naver Corporation, Line Corporation, Remagine Ventures, North Base Media, KDC Ventures and Lyra Ventures.
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