Silicon Valley Throws $100M at AI-Powered Mattress With a Subscription
Eight Sleep, a startup selling $3,000 AI-powered mattresses with a subscription model, has raised $100 million in Series D funding, reaching a valuation of around $500 million. Investors include Founders Fund and Y Combinator. Their unique Pod system adjusts temperature and tracks vital signs to optimize sleep, but users have reported glitches and other issues like water leaks. Notable supporters include Elon Musk and Scarlett Johansson. CEO Matteo Franceschetti aims to enhance their AI capabilities further and expand medical applications, including treating sleep apnea. Despite the challenges, the company is betting on combining advanced technology with sleep solutions, reflecting the strong investment interest in AI-driven consumer products.
Source 🔗