Lyte Achieves a $160M Valuation with a $165M Series C Funding Round Led by Maverick Silicon

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Lyte announced a $165 million Series C funding round led by Maverick Silicon, marking a major funding milestone in the AI hardware sector. The round includes Fidelity Management & Research, Atreides Management, Key1 Capital, and Ora Global, valuing the company at $1.6 billion. Founded in 2021 by former Apple and PrimeSense engineers, Lyte develops end-to-end perception technology for robotics, including custom chips and spatial software. To date, the company has raised a total of $272 million. The funds will scale production of LyteVision and chip output while advancing AI perception and robot deployment initiatives. As global crypto regulations continue to evolve, this development underscores Lyte’s role in the broader convergence of Web3 and AI.

Huo Xing Finance reports, according to Bloomberg, that physical AI company Lyte has announced the completion of a $1.65 billion Series C round led by Maverick Silicon, with participation from Fidelity Management & Research, Atreides Management, Key1 Capital, and Ora Global, bringing its post-money valuation to $1.6 billion. Founded in 2021 by former Apple and PrimeSense engineers, Lyte specializes in providing a complete perception stack for robotics, including custom chips, multimodal sensors, and spatial software. To date, the company has raised a total of $272 million. The proceeds from this round will be used to scale production of its perception chips and the LyteVision platform, and to advance the commercial deployment of AI perception capabilities in robotics.

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