Robotics and AI startup Lyte, founded by ex-Face ID engineers, raised $165M led by Maverick Silicon at a $1.6B valuation, taking its total funding to $272M (Samantha Kelly/Bloomberg)

Lyte, a robotics and AI startup founded by former Face ID engineers, has successfully raised $165M in a funding round led by Maverick Silicon. This investment values the company at $1.6B and brings its total funding to $272M. The startup, known for its rapid growth in robotics and artificial intelligence, was established by key members of Apple Inc.'s Face ID team.