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Daily news update (verified) — Former Apple Engineers’ Physical AI Startup Lyte Raises $165M At $1.6B Valuation

Former Apple Engineers’ Physical AI Startup Lyte Raises $165M At $1.6B Valuation (2026)

Daily news update (verified) — Former Apple Engineers’ Physical AI Startup Lyte Raises $165M At $1.6B Valuation

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Blog-Ghar EditorialAuthor
3 September 2026Published
2 min203 words
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Summary

  • Former Apple Engineers’ Physical AI Startup Lyte Raises $165M At $1.6B Valuation About Crunchbase Solutions Find Investors Find InvestmentsThe financing, led by Maverick Silicon , brings Lyte’s total raised to $272 million., which led Lyte’s Series B, also participated in the Series C, along with Atreides Management , Key1 Capital , Ora Global (formerly EThe Sunnyvale, California-based company was founded in 2021 by Alexander Shpunt , Arman Hajati and Yuval Gerson — a trio of former Apple engShpunt had also previously co-founded PrimeSense , a startup whose 3D-sensing technology powered Microsoft Kinect before Apple acquired the

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Timeline

  • Today: New reporting in the cited articleContext: Prior developments may be referenced in the same articleNext: Follow official/primary statements linked in sources

Sources

  • https://news.crunchbase.com/venture/robotics-ai-startup-lyte-seriesc-raise-maverick/

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