The startup Lyte, which specializes in sensing and perception technology for robotics, secured $165 million in a Series C funding round. This investment brings the company's post-money valuation to $1.6 billion. The total capital raised by the firm since its inception now stands at $272 million.
Maverick Silicon led the latest financing round, with participation from Fidelity Management and Research Co., Atreides Management, Key1 Capital, and Ora Global. Following the transaction, Andrew Homan from Maverick Silicon joined the company's board of directors.
Founded in 2021 by former Apple engineers Alexander Shpunt, Arman Hajati, and Yuval Gerson, the Sunnyvale-based company develops custom silicon, 4D sensing, and AI software. Its primary customers currently operate within the manufacturing and warehousing sectors.
The physical AI sector has seen significant growth, with global venture funding reaching $47.4 billion across 521 deals in the first half of 2026. This figure represents a substantial increase from the $12 billion raised during the second half of 2025.