- Lyte, a physical AI startup specializing in robotic sensing and perception, raised $165 million in Series C funding at a $1.6 billion post-money valuation.
- The round was led by Maverick Silicon, with participation from Fidelity Management And Research Co., Atreides Management, Key1 Capital, Ora Global, and others, bringing Lyte’s total funding to $272 million.
- Founded in 2021 in Sunnyvale, California by former Apple engineers Alexander Shpunt, Arman Hajati, and Yuval Gerson, who previously contributed to 3D sensing technologies including Apple’s Face ID.
- Lyte builds custom silicon, 4D sensing, RGB, motion awareness, and AI software to help robots perceive their environment, with early customers primarily in warehousing and manufacturing.
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Former Apple Engineers' Physical AI Startup Lyte Raises $165M at $1.6B Valuation
Physical AI startup Lyte, founded by former Apple engineers, has raised $165 million in Series C funding at a $1.6 billion valuation to advance its robot perception technology.
- Funding
- Physical AI
- Robotics
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