Lyte, the physical AI perception company, founded by the engineers behind Apple’s Face ID and Microsoft Kinect, has announced a US$165 million Series C financing led by Maverick Silicon. The round values Lyte at US$1.6 billion post-money.
Latham & Watkins LLP represented Maverick Silicon in the transaction with a corporate deal team led by partners John Miller and Haim Zaltzman, with associate Mason Taylor.
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