Lyte, Founded by Ex-Apple Face ID Engineers, Triples Valuation to $1.6 Billion
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.The latest financing was led by Maverick Silicon, according to a statement on Wednesday, with participation from existing investors, including Fidelity Management & Research — which led the previous Series B round — and Atreides Management, Key1 Capital and Ora Global. ...
Read more at bloomberg.com