Capital Robotics

Lyte secures about $165 million at $1.6 billion valuation

Wednesday, September 2, 2026 · 9:30 AM UTC

Lyte, a robotics and artificial-intelligence startup founded by members of Apple's Face ID team, has secured about $165 million in a funding round, according to Bloomberg. The round more than triples Lyte's valuation to $1.6 billion. The supplied summary does not identify investors, the company's products, or how it plans to use the capital.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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