Israeli company Syte.ai, which has developed an AI visual search platform for fashion items, has raised $8 million in Series A financing. The round was led by NHN Ventures, with participation from Naver Corp., Line Corp., Magma VC, Remagine VC, KDC Ventures and NBM Ventures.
The site has developed an algorithm that allows users to click on pictures of clothing that they see on the web, and automatically generates similar products available for purchase.
Syte.ai plans to use the new funding to expand in the US and Asia.
Read more: Globes