US-based smart mattress producer Eight has closed a $5m series A round featuring Comcast Ventures, the corporate venturing vehicle for cable and telecommunications company Comcast.
The round, which included Yunqi Partners, Azure Capital, Sinovation Ventures, Y Combinator and the Stanford University-affiliated StartX incubator, brought Eight’s total funding to $11m.
Formerly known as Luna, Eight has designed a mattress incorporating technology that monitors sleep patterns and bedroom environment data to help track and improve sleep quality.
The Eight Smart Mattress can also integrate with other smart bedroom devices controlling features such as temperature, lighting and door locks.
The startup closed its $6m seed round in March 2016, which was used to speed up production, finance growth plans and for product development.
The seed round included Comcast Ventures, Y Combinator, Yunqi Partners, Azure Capital, Cota Capital, Vast Ventures, Stanford University, Galvanize Ventures and angel investor Jared Friedman, and followed a $1.3m crowdfunding campaign on Indiegogo the year before.
Matteo Franceschetti, chief executive and co-founder at Eight, said: “At Eight, we are focused on leveraging technology to bring innovation to sleep so our customers can achieve more restful nights, productive days and ultimately live healthier lives.
“This round of funding further enables us to continue to invest in personalised, data-driven sleep solutions for our customers.”
– Image courtesy of Eight