When was Lyte founded?

Lyte was founded in 2017 and become a unicorn in its 1st funding round in 2026.

Where is Lyte located?

Lyte is headquartered in Mountain View, United States.

How many employees does Lyte have?

As of Aug 31, 2026, the latest employee count at Lyte is 89.

Is Lyte a funded company?

Lyte is a funded company, having raised a total of $272M across 2 funding rounds to date. The company's 1st funding round was a $107M Series A round, raised on Jan 05, 2026.

How much is Lyte worth?

The latest valuation of Lyte is $1.6B as of Sep 02, 2026.

When was the latest funding round of Lyte?

Lyte's latest funding was a $165M Series C round on Sep 02, 2026, with participation from 5 investors.

Is Lyte a Productivity Software company?

The primary sector of Lyte is Productivity Software.

Where does Lyte rank among its competitors?

Lyte ranks 1st amongst 61 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Lyte, which secured $165M in Sep, 2026.

Who are the top competitors of Lyte?

Lyte's top competitors include Gmelius, Track and Sortd. Among them, Lyte secured the most recent funding round in September, 2026.

Lyte - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of an artificial intelligence platform for transportation and logistics optimization. The platform provides solutions for route planning, delivery scheduling, and resource allocation. It aims to improve efficiency and reduce operational costs within the supply chain. The platform offers features such as real-time tracking and predictive analytics.

Website: lyte.ai
Email ID: *****@lyte.ai

Key Metrics

Founded Year

2017

Location

Mountain View, United States

Stage

Series C

Total Funding

$272M in 2 rounds

Latest Funding Round

Series C, Sep 02, 2026, $165M

Post Money Valuation

$1.6B as on Sep 02, 2026

Investors

Maverick Capital & 7 more

Ranked

1^st among 61 active competitors

Employee Count

89 as on Aug 31, 2026

Similar Companies

Gmelius & 78 more

View Lyte's full profile

Lyte has raised a total funding of $272M over 2 rounds. Its first funding round was on Jan 05, 2026. Its latest funding round was a Series C round on Sep 02, 2026 for $165M. 5 investors participated in its latest round. Lyte has 8 institutional investors.

Here is the list of recent funding rounds of Lyte:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 02, 2026	$165M	Series C	$1.6B	-	Maverick Capital	Atreides Management, Key1 Capital, Ora Global, Fidelity Investments
Jan 05, 2026	$107M	Series A	-	-	-	Fidelity Investments, Atreides Management, Exor, Key1 Capital, VentureTech Alliance

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View details of Lyte's funding rounds and investors

The founders of Lyte is Madhweep Lakshmanan. Alexander Shpunt is the CEO of Lyte.

Here are the details of Lyte's key team members:

Madhweep Lakshmanan: Former Co-Founder of Lyte.

View details of Lyte's Founder profiles and Board Members

Lyte's employee count trend

Lyte has 89 employees as of Aug 26. Here is Lyte's employee count trend over the years:

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Top competitors of Lyte include Gmelius, Track and Sortd. Here is the list of Top 10 competitors of Lyte, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lyte 2017, Mountain View (United States), Series C	Developer of an artificial intelligence platform for transportation and logistics optimization	$272M	Fidelity Investments, Exor & 6 others	51/100
2nd	Gmelius 2016, Cointrin (Switzerland), Seed	Email productivity application	$150K	ACE Ventures, Swiss ICT Investor Club & 5 others	48/100
3rd	Track 2017, Tel Aviv (Israel), Unfunded	Provider of an email tracking tool	-	-	47/100
4th	Sortd 2014, Johannesburg (South Africa), Series A	Cloud based email productivity tools	-	HAVAIC, Cactus Advisors	40/100
5th	Pointofmail.com 2002, Holon (Israel), Unfunded	Provider of a web, Gmail-integrated and app-based email tracking software	-	-	35/100
6th	Caya 2017, Berlin (Germany), Series A	Document management software that automates workflows and enables collaboration	$6.45M	neosfer, DCF Capital Partners & 4 others	33/100
7th	Boomerang for Gmail 2010, Mountain View (United States), Unfunded	Provider of email scheduling solutions for Gmail	-	-	33/100
8th	FollowUp.cc 2007, San Antonio (United States), Acquired	Online platform for tracking and managing emails	-	Scaleworks, Xenon Ventures	31/100
9th	QuickMail 2014, Zurich (Switzerland), Unfunded	Email automation tool for businesses	-	-	30/100
10th	Taskforce 2010, San Francisco (United States), Deadpooled	Gmail Addon for sorting emails	$270K	Y Combinator	28/100