🛏️ Eight Sleep raises $50M at a valuation of $1.5B

Eight Sleep, the innovative sleep technology company, has announced the raising of $50 million in a strategic investment round led by Tether Investments, reaching a valuation of $1.5 billion. This new funding adds to the $100 million the company raised last year and aims to boost the development of new products, global expansion, and clinical validation.

The company, known for its smart mattress accessories that monitor sleep patterns and adjust temperature throughout the night, has achieved positive free cash flow in 2025. Currently, its products are available in over 34 countries.

Matteo Franceschetti, co-founder and CEO of Eight Sleep, stated: "What we are building doesn’t exist yet: a system that understands your body every night and acts accordingly. Our goal is to create the defining health technology company of this generation."

In addition to its consumer products, Eight Sleep is seeking FDA approval for devices that can detect and mitigate sleep apnea. The company is also developing a sleep-focused artificial intelligence agent that will proactively adjust the temperature and firmness of its products to minimize sleep disruptions.

Source: TechCrunch