Lyte Closes $165 Million Round, Bringing AI Startup's Valuation to $1.6 Billion

Bloomberg Technology Wednesday 02 September 2026, 09:30 UTC By Samantha Kelly 1 min read

Key Points

Lyte, a fast-growing robotics and artificial intelligence startup from top members of Apple Inc.'s Face ID team, has secured about $165 million in a new funding round that more than triples the company’s valuation to $1.6 billion.

Lyte (ORG) Bringing AI Startup's Valuation (ORG) Apple Inc.'s (ORG)

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Lyte Closes $165 Million Round, Bringing AI Startup's Valuation to $1.6 Billion

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