Physical AI Perception Tech Developer Lyte Raises $165M in Series C Funding with $1.6B Valuation
aiinsider ·
Lyte, a physical AI perception technology developer based in Sunnyvale, raised $165 million in Series C funding at a $1.6 billion post-money valuation. The round was led by Maverick Silicon, with participation from Fidelity Management & Research Company and other investors, bringing total funding to $272 million since the company's 2021 founding. Lyte develops custom silicon, multimodal sensors, and spatial software, with its LyteVision platform designed to help robots perceive position and motion. The company said it will use the financing to scale production of its sensing silicon and LyteVision platform, advance AI and perception capabilities, and expand deployments with robotics companies and industrial customers. Since emerging from stealth in January 2026, Lyte has entered production and begun shipping to customers in inspection, logistics, and manufacturing. Maverick Silicon managing partner Andrew Homan has joined Lyte's board, and the company plans to expand its workforce across silicon, software, optics, manufacturing, operations, and go-to-market roles.
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