Eight Raises $6M in Seed Funding

Logo.EightEight (formerly known as Luna), a New York-based maker of a smart mattress cover that tracks sleep patterns, raised $6m in seed funding.

Backers included Y Combinator, Yunqui Partners, Azure Capital, Cota Capital, Comcast Ventures, Vast Ventures, Stanford University, Galvanize Ventures, Jared Friedman and others.

The company intends to use the funds to accelerate production, develop new products, and finance growth initiatives.

Founded in 2014 by Matteo Franceschetti, CEO, Eight, whose name is a play on the average number of hours of sleep recommended per night, provides a non-wearable sleep tracker that uses healthgrade technology to provide tailored data about sleep and take action on behalf of the user to improve sleep conditions. The tracker also communicates data with other smart electronic devices to regulate bed temperature, lighting, door locks, etc., in real time.
The company will also leverage the data collected by the Eight Sleep Tracker to publish personalized sleep programs tailored to customers needs.

The round follows over 6,000 units sold in pre-orders through a Indiegogo campaign and Eight’s website. Following the fulfillment of pre-sale orders, the Eight Sleep Tracker will be available for purchase on Amazon and at eightsleep.com in early spring 2016.

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