Apple · Funding Round · Crunchbase News
Former Apple Engineers’ Physical AI Startup Lyte Raises $165 million At $1.6 billion Valuation
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Lyte, a physical AI startup building sensing and perception technology for robots, has raised $165 million in Series C funding at a $1.6 billion post-money valuation.
Key facts
- That’s up dramatically, almost 4x, compared to the second half of 2025 when physical AI startups raised $12 billion across 470 deals
- Lyte, a physical AI startup building sensing and perception technology for robots, has raised $165 million in Series C funding at a $1.6 billion post-money valuation
- The financing, led by Maverick Silicon, brings Lyte’s total raised to $272 million
- The Sunnyvale, California-based company was founded in 2021 by Alexander Shpunt, Arman Hajati and Yuval Gerson, a trio of former Apple engineers who worked on the iPhone giant’s advanced sensing
Summary
The financing, led by Maverick Silicon, brings Lyte’s total raised to $272 million. The Sunnyvale, California-based company was founded in 2021 by Alexander Shpunt, Arman Hajati and Yuval Gerson, a trio of former Apple engineers who worked on the iPhone giant’s advanced sensing and perception technologies. The trio’s past work helped bring 3D perception to the mainstream and later became a foundation for Apple’s Face ID technology. Lyte is building custom silicon, 4D sensing, RGB, motion awareness and AI software to help robots sense where they are and what is moving around them.