Xyte, a Tel Aviv, Israel-based provider of a Connected Device Management Platform (CDMP), raised $10M in Debt funding.
The financing was provided by Kreos Capital.
The company intends to use the funds to meet customers demand for flexible equipment financing solutions.
Led by CEO Omer Brookstein, Xyte provides a Connected Device Management Platform (CDMP) that enables companies across different industries to cloudify, service, support, and commercialize their connected devices. Its suite of cloud-based tools enables hardware manufacturers and their channel partners to leverage the as-a-Service business model and natively integrate with other cloud services. The company works with companies and their diverse ecosystems, including connected devices, helping them unlock new opportunities for growth.
FinSMEs
26/10/2022