Xyte: Funding, Investors & Team (Sep 2026)
Xyte is a company that specializes in creating a platform for hardware manufacturers to use as a service. Their goal is to offer manufacturers a cloud-based platform that covers everything involved in running their connected device businesses. With Xyte's platform, manufacturers can easily manage their customers, resellers, and devices under their own brand. This provides them with the opportunity to introduce new business models based on subscriptions and fully capitalize on the capabilities of their connected products.
Xyte has raised $30.0M across 2 funding rounds on record, the most recent a Series A of $20.0M announced in Jan 2024.
That round is above the $10M median round size for Hardware companies tracked on FundedIQ over the last two years.
Xyte Company Profile and Key Stats
Latest funding round on record: Jan 2024.
Xyte Funding Rounds
Xyte raised $10.0M in a Debt Financing announced in Oct 2022.
1.3 years later, a Series A of $20.0M was announced in Jan 2024.
Xyte Founders and Leadership Team
No contact details are on record for this team yet.
Xyte Funding Compared to Other Hardware Startups
Xyte's latest round of $20.0M is above the median round in Hardware. Medians cover the last 24 months of disclosed rounds.
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Xyte Funding FAQs
What does Xyte do?
Xyte is a company that specializes in creating a platform for hardware manufacturers to use as a service. Their goal is to offer manufacturers a cloud-based platform that covers everything involved in running their connected device businesses. With Xyte's platform, manufacturers can easily manage their customers, resellers, and devices under their own brand. This provides them with the opportunity to introduce new business models based on subscriptions and fully capitalize on the capabilities of their connected products.
How much funding has Xyte raised?
Xyte has raised $30.0M across 2 rounds on record. The most recent is a Series A of $20.0M announced in Jan 2024.
When did Xyte last raise funding?
Xyte's most recent funding round on record is a Series A of $20.0M, announced in Jan 2024.
Who founded Xyte?
FundedIQ lists Boris Dinkevich (Founder) at Xyte.
Who is the CEO of Xyte?
Omer Brookstein is listed as CEO at Xyte.
Where is Xyte headquartered?
Xyte is based in Tel Aviv, Israel.
How many employees does Xyte have?
Xyte is in the 11-50 employee band.
How does Xyte's funding compare to other Hardware startups?
Xyte's latest round of $20.0M is above the $10M median round size for Hardware companies on FundedIQ across 1,454 tracked companies over the last two years.
About FundedIQ's Xyte Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Xyte is left off this page rather than filled in.
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