Lyte, founded by Face ID's creators, raises $165 million for robot "vision"
Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .
For robots to enter the real world they need reliable "eyes", and money is going where that gap is being closed.
The Series C round at a $1.6 billion valuation was led by Maverick Silicon, with Fidelity and Atreides participating. The founders are former Apple and PrimeSense engineers whose work underlies Kinect and Face ID. The LyteVision platform combines cameras, high-resolution imaging and inertial sensors into a synchronized system on proprietary silicon. "Physical SI has a perception problem first, and only then a model problem," says CEO Alexander Shpunt.
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