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Lyte raises $165 mln in Series C, hits $1.6 bln valuation - RobotHOT

Lyte raises $165 mln in Series C, hits $1.6 bln valuation

Lyte, a U.S.-based physical AI perception infrastructure startup, has raised $165 million in a Series C funding round, valuing the company at $1.6 billion post-money, the company said. The round was led by Maverick Silicon, with participation from existing investors including Fidelity Management & Research, Atreides Management, Key1 Capital, and Ora Global. Proceeds will be used to boost sensor chip production, scale its LyteVision integrated perception platform, and expand its workforce. Founded in 2021, Lyte emerged from stealth in January this year and had previously raised approximately $107 million. The company develops chips, multimodal sensors, and spatial perception software to help robots navigate environments more safely. Its flagship unified spatial intelligence platform, LyteGalaxy, integrates sensors, compute, software, and algorithms into...

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