Lyte raises $165M at $1.6B valuation for physical AI robotics
Robotics startup Lyte, founded by former Apple and PrimeSense engineers, secured $165 million in new funding, valuing the company at $1.6 billion. The round brings its total raised to $272 million since its 2021 launch, as investors target sensors and perception systems for physical AI applications.
Sources: calcalistech.com
“This funding surge reflects growing investor appetite for hardware-enabled AI, contrasting with recent software-dominated deals in the space.”
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