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)

Lyte, a robotics and AI startup founded by former Face ID engineers, secured $165 million in a financing round led by Maverick Silicon, valuing the company at $1.6 billion and bringing its total capital raised to $272 million. The funding will accelerate development of its autonomous perception and navigation platforms for commercial robots.