Eight Sleep Raises $50M, Aims for FDA Approval
Tech News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Eight Sleep, a sleep tech company, secured $50M in funding, valuing it at $1.5B. This follows a $100M round last year, bringing total funding to $310M. Their smart mattress covers track sleep patterns and adjust temperatures, now shipping to 34 countries. They aim to reach free-cash-flow positive status by 2025. The new funds will go towards new products, global expansion, and clinical tests. Eight Sleep is also seeking FDA approval for sleep apnea detection and developing a sleep AI agent to optimize sleep conditions.
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