Lyte emerges from the shadows with a funding round of up to $165 million; investor Avigdor Willenz to serve as Chairman

The American company Lyte, which raised funds from entrepreneur and investor Avigdor Willenz among others, has officially emerged from the shadows with the completion of a comprehensive funding round totaling up to $165 million, consisting of $107 million in direct equity alongside related credit and financing facilities.

The company, which develops technology for robotics and physical artificial intelligence systems, raised funds from Avigdor Willenz, who is defined as the founding investor and Chairman of the company, alongside participation from leading international funds including Fidelity Management & Research Company, Atreides Management, Exor Ventures, Key1 Capital, and Venture Tech Alliance.

Behind the company is an experienced management team of alumni from the world's leading technology companies. CEO and co-founder Alexander Shpunt previously served as a co-founder at the Israeli company PrimeSense, which developed the 3D sensors for Microsoft's Kinect and subsequently established the technological infrastructure for Apple's Face ID following its acquisition. Alongside him on the founding team are CTO Dr. Armen Hadjatian, who led sensor architecture and innovation groups at Apple, and VP of Systems Yuval Gershon, a former senior systems architect at Apple and an alumnus of PrimeSense.

"Lyte is building at the right layer, at the right moment," said Avigdor Willenz, founding investor and Chairman of the Board. "I have seen how infrastructure technologies open up entire industries. What stood out here is the depth of the team and the discipline to solve the spatial perception problem as a complete and full system where long-term value is created."

Lyte is working to solve one of the main bottlenecks in the robotics world today — the complex fragmentation between different sensors such as cameras, lasers, and radar, which require cumbersome calibration and heavy data processing. The platform developed by the company, LyteVision, integrates dedicated silicon chips, 4D sensors, high-resolution RGB vision, and motion-aware systems into a unified hardware unit that streams data directly to artificial intelligence models.

The company's board of directors notes that Lyte's systemic solution arrives at a critical moment for the Physical AI industry, as the goal is to enable autonomous machines to operate safely in complex environments. The capital raised will be used to expand production capacity, increase development teams, and accelerate commercial penetration into the markets of mobile robots, humanoid robots, industrial automation, and automotive systems.