Xyte (formerly SyncPro) has secured a $6.4 million USD funding round to launch its hardware-as-a-service (HAAS) cloud platform to drive subscription-based sales.
Launched by AV specialist Omer Brookstein and Boris Dinkevich, the company was launched in 2020 and offers an end-to-end cloud based platform to run HaaS based businesses, including support for ‘digital products’, an approach that allows manufacturers to remotely enable device features through subscriptions.
Brookstein explained: “Cloud technologies have disrupted nearly every industry.
“Different industries are renowned for hardware innovation, but there is an enormous gap between hardware suppliers and modern cloud applications and services. Xyte paves the way for hardware suppliers of any industry to modernize their offerings, and provide their integration partners and end customers with technology platforms that will enable new services at an unparalleled time and cost-to-market.”