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Lyte, a Physical AI Startup, Raises $165M Series C at $1.6B Valuation
Key points
- Lyte raised $165 million in Series C funding.
- The funding round values Lyte at $1.6 billion post-money.
- Maverick Silicon led the investment, bringing total funding to $272 million.
- Lyte develops sensing and perception tech for robots using custom silicon and AI.
Funding Details
Lyte, a startup focused on physical AI, has completed a Series C funding round, raising $165 million. This investment establishes a post-money valuation of $1.6 billion for the company. Maverick Silicon led the round, with participation from existing investors like Fidelity Management And Research Co., Atreides Management, Key1 Capital, and Ora Global.
Company Background
Founded in 2021 by former Apple engineers Alexander Shpunt, Arman Hajati, and Yuval Gerson, Lyte emerged from stealth earlier this year after securing $107 million in Series A and B funding. The founders previously worked on advanced sensing and perception technologies at Apple, with Shpunt having co-founded PrimeSense, whose 3D-sensing technology was used in Microsoft Kinect and later acquired by Apple.
Technology and Applications
Lyte develops custom silicon, 4D sensing, RGB, motion awareness, and AI software to enable robots to understand their environment and movement. This technology is initially being deployed in the warehousing and manufacturing sectors, providing robots with precise, real-time perception capabilities necessary for autonomous operation.
Market Context
The physical AI sector has seen significant investment growth. Global venture funding in this space reached $47.4 billion across 521 deals in the first half of 2026, a substantial increase from $12 billion in the second half of 2025 and $26.4 billion in the first half of 2025. This trend highlights increasing investor interest in technologies that enable robots to interact with the physical world.
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Reporting from
Lyte, a physical AI startup specializing in sensing and perception technology for robots, secured $165 million in Series C funding, valuing the company at $1.6 billion. This funding round, led by Maverick Silicon, brings Lyte's total capital raised to $272 million and will support its development of custom silicon, 4D sensing, and AI software for robotic navigation in industries like warehousing and manufacturing.