Eight Sleep Raises $40 Million To Make Slumber A Medical Solution

Eight Sleep wants hitting the pillow to be the equivalent of hitting the doctor’s office. The company, founded in 2014 by husband-wife duo Alexandra Zatarain (VP of Brand & Marketing) and Matteo Franceschetti (CEO) as well as Massimo Adreasi Bassi (CTO), makes high-tech mattresses and sleep products to turn bedtime into recovery time—filled with healthcare insights and analytics–with hope of sleep quality translating to life quality. Forbes is the first to report the company’s $40 million growth funding round, which brings their total funding to $65 million. This round was led by Founders Fund and joined by Khosla Ventures, Y Combinator, Craft Ventures, 8VC, Flexport Founder Ryan Petersen and Eventbrite Cofounder and Chairman Kevin Hartz.

“We’re a sleep-fitness company. The night is a moment for you to recharge and really wake up at your peak,” 38-year-old CEO and cofounder Franceschetti

Eight Sleep Receives $14 Million in New Funding

Sleep tracking tech company Eight Sleep has raised $14 million in a new round of funding, which the brand says it’ll use to expand distribution of its ever-growing line of products.

Eight Sleep was founded in 2014 with the goal of being as much a leader in the technology sphere as in the bed-in-a-box industry. In this vein, the brand has always sought to improve users’ sleep not only with comfortable mattresses, but also with advanced sleep tracking tech.