Traders aren’t sleeping on sleep tech, backing Eight Sleep with $100 million simply weeks after Somnee’s $10 million elevate for its AI-powered sleep headband
Eight Sleep has raised $100 million to speed up its push into synthetic intelligence, broaden into medical purposes and scale globally with China as a key goal.
The spherical drew backing from HSG, Valor Fairness Companions, Founders Fund, Y Combinator, Atreides and investors Ferrari Formula 1 driver Charles Leclerc and McLaren Racing CEO Zak Brown, bringing the corporate’s complete funding to greater than $250 million. Though Eight Sleep didn’t disclose specifics, Athletech Information has discovered the corporate’s valuation has practically doubled since its final spherical, approaching unicorn standing.
It comes as well being tech shifts previous wearables and into the bed room, with sleep rising because the bedrock of the pursuit of well being and wellness, and follows Somnee’s recent $10 million seed extension for its AI-powered sleep headband. The startup, co-founded by sleep scientist and Equinox partner Dr. Matt Walker and already utilized by the NBA, makes use of EEG sensors and AI to information the mind right into a pure sleep state.
Eight Sleep’s progress displays the sleep development, reporting greater than $500 million in Pod gross sales, its AI-powered mattress cowl that turns any mattress into a personalised, health-optimizing surroundings, alongside a tenfold income enhance since launch and evaluation of greater than 1 billion hours of sleep information throughout 30 international locations.
The brand new capital will gas the event of what Eight Sleep calls the world’s first AI-powered Sleep Agent, designed to interpret biometric information and dynamically modify components like temperature, elevation and bedtime routines to optimize restoration. The instrument builds on the corporate’s current Autopilot function, which already makes hundreds of thousands of nightly changes based mostly on person habits.
“We’re creating digital twins of your sleep physiology to simulate, check and personalize your restoration earlier than you even shut your eyes,” Eight Sleep co-founder and CEO Matteo Franceschetti stated. “That is the subsequent frontier: AI that doesn’t simply observe you, it understands and adapts to you in actual time.”
The sleep health firm plans to hunt FDA approval for sure purposes and has already launched Hot Flash Mode, which uses cooling to ease menopause-related symptoms. Sleep apnea interventions are subsequent, powered by the Pod’s contactless monitoring capabilities.
“Eight Sleep has developed a turn-key resolution for sleep and well being optimization: {hardware}, software program, AI and shopper items that dynamically modify round every individual’s wants,” Franceschetti stated. “This new funding permits us to speed up the deployment of AI for sleep optimization, broaden into medical purposes like menopausal sleep and sleep apnea, and convey our expertise to hundreds of thousands of individuals world wide.”
Subsequent up, Eight Sleep can also be focusing on additional worldwide growth, with a deliberate entry into China, constructing on its product availability in Canada, the UK, the EU, Australia, Mexico and the UAE.
Earlier this spring, the corporate unveiled Pod 5, its most advanced system yet, which integrates temperature regulation, automated elevation, ambient soundscapes and passive well being monitoring in real-time. The launch marked a step towards positioning the mattress not simply as a spot for relaxation however as a hub for preventive well being, with options like contact-free cardiovascular monitoring and zero-gravity positioning to scale back loud night breathing and assist restoration.
Eight Sleep has deepened its ties to skilled sports activities, enlisting greater than 300 athletes as ambassadors to focus on the position of sleep in restoration and efficiency. Leclerc, who joined as an investor earlier this yr, stated the Pod’s personalised suggestions helps information his coaching routine in the course of the racing season. Different athletes aligned with the model embrace Aaron Choose, Brock Purdy, Jimmy Butler and Taylor Fritz. The firm can also be getting into rising sports activities communities, having recently partnered with 6 Love Sports to relaunch one of many nation’s main ladies’s padel leagues below its identify. The Eight Sleep Miami Girls’s Padel League by 6 Love Sports activities options greater than 160 gamers, with Pod 5 programs awarded to profitable groups every season
