[Physics AI Company Lyte Completes $165 Million Series C Financing, Led by Maverick Silicon] PANews, September 2 – According to Bloomberg, physics AI company Lyte announced the completion of a $165 million Series C financing round, led by Maverick Silicon, with participation from Fidelity Management & Research, Atreides Management, Key1 Capital, and Ora Global. The post-investment valuation has reached $1.6 billion. Founded in 2021 by former Apple and PrimeSense engineers, Lyte focuses on providing a complete perception technology stack for robots, ranging from custom chips and multimodal sensors to spatial software. To date, the company has raised a total of $272 million. The funds from this round will be used to scale the production of perception chips and its LyteVision platform, as well as to advance AI perception capabilities and the commercial deployment of robotics.