# Nexite

**Source:** https://www.startuphub.ai/startups/nexite
**Profile type:** Startup

> Nexite transforms passive merchandise into active digital communicators for retailers, providing real-time data.

## About

Nexite's technology brings merchandise to life by turning passive products into active digital communicators. This provides retailers with a continuous stream of real-time data, detailing the complete life story of their merchandise from manufacturing to sale. The system aims to offer unprecedented insights into product lifecycle and consumer interaction.

## Key facts

- **Slug:** nexite
- **Website:** http://www.nexite.io
- **Location:** Tel Aviv, Israel
- **Founded:** 2017-06-01 00:00:00
- **Employees:** 70
- **Operating status:** Active
- **Total funding:** $67M
- **Sectors / tags:** Retail, Radio Frequency Identification (RFID), Indoor, Self-Checkout, Semiconductor, RetailTech, Supply Chain, IoT, Data Analytics, Smart Manufacturing, Enterprise Software, Inventory Management, RFID
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/nexiteretail/

## Frequently asked

### What does Nexite do?

Nexite's technology brings merchandise to life by turning passive products into active digital communicators. This provides retailers with a continuous stream of real-time data, detailing the complete life story of their merchandise from manufacturing to sale. The system aims to offer unprecedented insights into product lifecycle and consumer interaction.

### What is Nexite's revenue?

StartupHub estimates Nexite's annual revenue at $23.7M (range $12.7M to $42.8M, 69% confidence), based on comparable companies in the sector.

### What is Nexite's valuation?

StartupHub estimates Nexite's effective valuation at $274.5M (range $167.5M to $402.0M, 10% confidence), based on comparable companies in the sector.

### How much funding has Nexite raised?

Nexite has raised a total of $67M in funding. The most recent round on record is Series C.

### Where is Nexite headquartered?

Nexite is headquartered in Tel Aviv, Israel.

### When was Nexite founded?

Nexite was founded in 2017.

### What industry does Nexite operate in?

Nexite operates in Retail, Radio Frequency Identification (RFID), Indoor, Self-Checkout, Semiconductor, RetailTech.

### How many employees does Nexite have?

Nexite has approximately 70 people on record.

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