Lyte Completes $165 Million Series C Funding Round Led by Maverick Silicon

The physical AI company Lyte has completed a $165 million Series C funding 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, Lyte focuses on providing a complete perception technology stack for robots, including custom chips, multimodal sensors, and spatial software. The company has raised a total of $272 million to date, and this round of funding will be used to expand the production scale of its perception chips and the LyteVision platform, as well as to advance AI perception capabilities and the commercial deployment of robots.

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