Nanit, a US-based baby monitor and sleep tracker developer backed by supply chain services provider Flex, closed a $21m funding round on Tuesday co-led by Jerusalem Venture Partners (JVP).
Upfront Ventures, RRE Ventures and Rho Capital Partners co-led the round.
Nanit markets an artificial intelligence-powered camera that tracks and analyses a baby’s sleep, can be linked to a real-time breathing motion monitoring system and serve as the basis for a digital scrapbook app that captures meaningful moments.
The capital has been allocated to product development and international expansion activities, having already launched in Canada and the UK.
Sarah Dorsett, chief executive of Nanit, said: “The company has experienced incredible growth from 2018, and our recent funding points to the confidence and demand in the marketplace for innovative consumer products.
“Having a baby is one of the most significant life moments not only for parents but for the entire family. We are so fortunate to be able to use our technology to keep families connected and sharing in this precious new journey, no matter where they are.”
Flex took part in a $6.6m series A round in 2016 that was led by Upfront Ventures and also featured RRE Ventures, 645 Ventures, AME Cloud Venutres and Jacobs Technion-Cornell Institute.
JVP led a $14m series B round in 2018 that also included Upfront Ventures, RRE Ventures, Vulcan Capital and Vaal Investment Partners.
