Eight Sleep raises $100M to expand its AI-powered sleep tech

Eight Sleep, a leading sleep technology company, has raised $100 million in a funding round led by HSG, Valor Equity Partners, Founders Fund, and Y Combinator. The round also saw participation from prominent figures in Formula 1, including Charles Leclerc and Zak Brown. The company's AI-powered sleep technology aims to optimize sleep quality and improve overall well-being. Eight Sleep's products, which include smart mattresses and sleep trackers, utilize advanced sensors and algorithms to monitor and adjust various environmental factors to create a personalized sleep experience for users. The new funding will allow Eight Sleep to further expand its offerings, invest in research and development, and scale its operations to meet the growing demand for its innovative sleep solutions. The company's goal is to revolutionize the way people approach sleep and provide them with the tools they need to achieve better, more restful sleep.