Lyte raises $165M to build the sensor stack robots keep rebuilding
Maverick Silicon led the round at a $1.6B valuation, backing Apple and PrimeSense veterans Alexander Shpunt, Arman Hajati and Yuval Gerson.
By RuntimeWire Staff · Published · Updated
Primary source: Bloomberg Technology
Why it matters
Lyte's valuation prices the Apple and PrimeSense veterans as infrastructure founders, betting that robot makers will buy an integrated perception stack instead of assembling their own.
Lyte CEO and co-founder Alexander Shpunt, Arman Hajati and Yuval Gerson, the former Apple engineers behind the company, have raised about $165 million at a $1.6 billion valuation, Bloomberg reported on September 2nd.…
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