# Lyte secures about $165 million at $1.6 billion valuation

_Published Wednesday, September 2, 2026 at 7:06 AM EDT · Capital, Robotics · Latest · Tier 2 — Notable_

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.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/articles/2026-09-02/lyte-closes-165-million-round-bringing-ai-startup-s-valuation-to-1-6-billion)
- [Crunchbase News](https://news.crunchbase.com/venture/robotics-ai-startup-lyte-seriesc-raise-maverick/)
- [The Robot Report](https://www.therobotreport.com/lyte-raises-165m-help-robots-better-sense-their-surroundings/)

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Canonical: https://techandbusiness.org/newswire/SjuaHjN30xRgAbcsMDoR0x
Published: 2026-09-02T11:06:59.545Z
Story chronology: 2026-09-02T09:30:03.000Z
Retrieved: 2026-10-17T17:23:35.546Z
Publisher: Tech & Business (techandbusiness.org)