Syte.ai offers an AI-powered product discovery platform designed for e-commerce retailers and brands. Their solutions leverage visual AI to enhance the online shopping experience by providing tools such as visual search, smart product recommendations, advanced personalization, and rich merchandising capabilities. The platform aims to "humanize" product discovery, making it more intuitive and effective for shoppers. This helps retailers increase conversions, average order value (AOV), and customer loyalty by guiding users to relevant products more efficiently. Syte operates on a B2B SaaS (Software as a Service) model, providing its technology as a service to businesses. Its revenue is generated through subscriptions or usage-based fees from these enterprise clients, typically based on the scope of implementation, features utilized, and potentially the volume of transactions influenced by their AI.
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