Lyte has closed a $165 million Series C funding round led by Maverick Silicon, with participation from Fidelity Management & Research, Atreides Management, Key1 Capital, and Ora Global. The round values the physical AI company at $1.6 billion post-money.
Founded in 2021 by former Apple and PrimeSense engineers, Lyte develops a perception technology stack for robots covering custom chips, multimodal sensors, and spatial software. The company said it has now raised $272 million in total and will use the new capital to scale production of its perception chips and LyteVision platform, while advancing AI perception capabilities and robot commercialization.
Physical AI Startup Lyte Raises $165 Million in Series C at $1.6 Billion Valuation
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