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Robotics and AI startup Lyte, founded by ex-Face ID engineers, raised $165M led by Maverick Silicon at a $1.6B valuation, taking its total funding to $272M (Samantha Kelly/Bloomberg)

Techmeme ·
Lyte is now valued at $1.6 billion after a Maverick Silicon-led round.

The robotics and AI startup raised $165 million, according to the Techmeme item. Lyte was founded by former Face ID engineers. The new financing brings its total funding to $272 million. Techmeme's note

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Categories: Money & Moves