Lyte raises $107 million in Series B funding to enhance its integrated perception systems for robotics, positioning itself strategically in the growing humanoid robotics sector.

Information on the Target

Lyte, a Mountain View-based company founded by former engineers from Apple's Face ID team, has successfully raised $107 million in a Series B funding round. The company specializes in integrated perception systems for robotics and Physical AI, offering its innovative LyteVision platform, which combines 4D sensing, RGB imaging, and motion awareness. Their technology aims to enhance the functionality of autonomous mobile robots, humanoids, and robotaxis.

The funding round was led by Avigdor Willenz's group and included participation from prominent investors such as Fidelity Management & Research Company, Atreides Management, Exor Ventures, Key1 Capital, and Venture Tech Alliance. This influx of capital will enable Lyte to accelerate its product development and expand its market presence in robotic solutions.

Industry Overview in the Target’s Specific Country

The humanoid robotics industry is witnessing substantial growth, particularly in the United States, fueled by advancements in AI technologies and increased investment in research and development