
"The company, Lyte, emerged from stealth on Monday after raising about $107 million to date from investors including Fidelity Management & Research, Atreides Management, Exor Ventures, Key1 Capital, VentureTech Alliance and a group of private investors led by the Israeli entrepreneur Avigdor Willenz. Mountain View, California-based Lyte was founded in 2021 by three former Apple employees Alexander Shpunt, Arman Hajati, and Yuval Gerson who played a major role in building the depth-sensing and perception technology that Face ID uses to capture faces."
"Earlier, Shpunt co-founded and served as chief technology officer of the 3D-sensing technology provider PrimeSense, which was acquired by Apple in 2013 for $350 million and was the genesis for what would become Face ID. Gerson also worked at PrimeSense before the Apple takeover. We are trying to take the best things that Apple taught us on attention to detail, operational excellence and how to excite and wow the customers in order to bring this to the robotics market, Shpunt said in an interview."
"Besides Face ID, PrimeSense was known for powering Microsoft Kinect one of the first mass-volume computer vision products. Now in his third act, Shpunt said he believes Lyte will serve as the visual brain for robotics, acting as both the eyes and visual cortex, with a focus on sensing and perception technology. Its flagship product, LyteVision, includes three sensor types: a camera, inertial motion sensing and a 4D sensor, which measures distance and velocity."
Lyte, based in Mountain View, California, was founded in 2021 by former Apple employees Alexander Shpunt, Arman Hajati, and Yuval Gerson. The company has raised about $107 million to date from investors including Fidelity Management & Research, Atreides Management, Exor Ventures, Key1 Capital, VentureTech Alliance and private backers led by Avigdor Willenz. Founders previously worked on PrimeSense and Apple's Face ID depth-sensing and perception technology. Lyte positions itself as the visual brain for robotics, focusing on sensing and perception to improve safety and responsiveness. LyteVision, the flagship product, integrates a camera, inertial motion sensing and a 4D sensor to combine location and visual data on one platform.
Read at www.mercurynews.com
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