Lyte Raises $165M at $1.6B Valuation in Led-by-Maverick Silicon Funding Round

Lyte has completed a $165 million C-round funding at an estimated valuation of $1.6 billion, led by Maverick Silicon.

The financing round brings Lyte's total funding to date to approximately $375 million, according to the company.

Maverick Silicon has taken on the role of lead investor in this latest funding round for Lyte, which will be used to drive further growth and expansion in the blockchain space.