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Eight Sleep Raises $86M Series C to Scale Sleep Fitness Movement

MIAMI–()–Eight Sleep, the world’s first sleep health firm, as we speak introduced it has closed $86M in Sequence C funding led by Valor Fairness Companions, with participation from different funds, together with SoftBank, Khosla Ventures, Founders Fund, and Normal Catalyst. Antonio Gracias, Valor’s Founder, CEO, and CIO, joined the Eight Sleep Board. Mr. Gracias sits on the boards of Tesla, SpaceX, and Ok Well being and has led investments in different extremely disruptive firms, together with Chicken, Reddit, and Uber. For the reason that launch of its best-selling Pod know-how, Eight Sleep has constructed a cult-like following amongst celebrities, professional athletes, entrepreneurs, and executives, lots of whom are invested within the firm, together with Alex Rodriguez (retired MLB athlete and entrepreneur), Kevin Hart (actor and comic), Kyle Vogt (founding father of Cruise), Naval Ravikant (founding father of Angelist), Anthony Pompliano (entrepreneur), Kris Bryant (San Francisco Giants outfielder), J.D. Martinez (Boston Pink Sox outfielder), and Sophia Amoruso (writer and entrepreneur). Thus far, Eight Sleep has raised over $150M and 2021 income is on monitor to greater than triple vs. 2020. The funds will probably be used to speed up the corporate’s innovation and know-how roadmap and develop the scale of the group.

“Our finish objective is to develop essentially the most refined applied sciences for restorative and preventative well being and this spherical helps us put money into constructing the group that can develop the next-generation of Eight Sleep merchandise,” stated Matteo Franceschetti, Co-founder and CEO of Eight Sleep. “Past our profitable options for thermoregulation, we’re working in the direction of managing all the elements which will disrupt customers’ relaxation to make sure everybody can enhance sleep health for higher well being, efficiency, and longevity.”

“The sleep tech market is simply in its infancy. The chance is limitless, as we spend as much as a 3rd of our lives asleep. Shoppers are more and more targeted on sleep health because the understanding of how deeply essential sleep is to total well being turns into extra broadly recognized,” stated Antonio Gracias. “The primary night time I slept on the Pod I knew we needed to get entangled. We’ve seen this in our portfolio many occasions – Eight Sleep’s merchandise and know-how are disrupting the sleep market, and its fast innovation is outpacing the competitors because it builds a brand new sleep health targeted class that delivers outcomes.”

Eight Sleep: Creating the Sleep Health Motion

Eight Sleep has revolutionized the archaic sleep class through the use of health-grade sensors and creating particular person AI fashions that adapt the sleeping setting by responding to every consumer’s sleep patterns, temperature preferences, setting values, and suggestions historical past. This data-driven method guides the consumer in the direction of sleep optimization by leveraging thermoregulation and biofeedback, and case research have proven that Eight Sleep merchandise assist clients to go to sleep as much as 40% quicker, rise up to twenty% extra deep sleep, expertise 30% fewer mid-night wake ups, and as much as 30% fewer tosses and turns.

If a consumer is ready to enhance their sleep effectivity by 25%, the necessity for eight hours of sleep every night time may very well be a factor of the previous. To realize this, Eight Sleep recently launched SleepOS, the world’s first working system for sleep optimization that features a new suite of cutting-edge options: Sensible Temp Autopilot and Sleep and Well being Insights. SleepOS acts because the brains of Eight Sleep and makes use of information to personalize and regulate the Pod in the direction of every customers’ distinctive sleep health objectives.

Working with Professional Athletes and Sports activities Groups

Presently greater than 100 professional athletes depend on the Eight Sleep Pod to energy their restoration, together with present and former Olympians Matthew Dellavedova (2020 Bronze Medalist, Basketball), Daryl Homer (2020, and 2016 Silver Medalist, Fencing), Jane Campbell (2020 Bronze Medalist, Soccer) and Apolo Ohno (Two-Time Gold Medalist, Pace Skating). Forward of the 2021-2022 season, the Sacramento Kings launched the Eight Sleep Pod team-wide to enhance participant efficiency by way of sleep health optimization. The Kings are the primary professional basketball group to put money into modern applied sciences for customized sleep and restoration.

“Since introducing the Eight Sleep Pod to the group final spring, gamers, coaches, and employees have been actually impressed,” stated Teena Murray, VP, Well being & Efficiency, Sacramento Kings. “Eight Sleep is the one sleep know-how product with the flexibility to personalize all points of the sleep expertise to optimize sleep high quality – essential for the well being, restoration, and efficiency of our gamers.”

Eight Sleep presently ships to the U.S. and Canada straight through eightsleep.com. By the tip of 2021, the corporate plans to develop distribution to new worldwide markets.

About Eight Sleep

Eight Sleep is the world’s first sleep health model with a mission to gas human potential by way of optimum sleep. Based in 2014, Eight Sleep leverages thermoregulation, information, and know-how to design merchandise to revive people to their peak power ranges each morning. Eight Sleep was named one in every of Quick Firm’s “Most Revolutionary Corporations of 2018” and acknowledged two years in a row by TIME’s Greatest Innovations of the Yr. To study extra, go to eightsleep.com.

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