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.”