Bryte, a Los Altos, CA-based restorative sleep technology company, raised $20M in Strategic funding.
The round was led by Tempur Sealy International, Inc. (NYSE: TPX), with participation from ARCHina Capital.
The company intends to use the funds to accelerate growth and accelerate growth.
Led by CEO Luke Kelly, and CTO Ely Tsern, Bryte provides a restorative sleep technology platform which measures, learns, tests, and applies what each sleeper needs to optimize their restorative sleep through real-time in-bed personalized comfort adjustments and relaxation experiences and services. Furthermore, the technology is purpose-built as a platform of hardware, software and AI services that can be integrated into the product lines of select mattress brands, in service of reaching and benefiting more sleepers, more quickly.
The company works through licensing to mattress manufacturing partners, supplying hotels and selling direct to consumers. Its Restorative Bed™ can be found in the suites of luxury hotels such as Four Seasons Hotel Los Angeles at Beverly Hills, Fairmont Scottsdale Princess, Park Hyatt New York, as well as Rosewood locations, among others.
FinSMEs
28/07/2022