On Wednesday, technology startup Eight (formerly known as Luna) announced it has closed $6 million in seed funding with participation from investors such as Y Combinator, Yunqui Partners, Azure Capital, Cota Capital, Comcast Ventures, Vast Ventures, Stanford University, Galvanize Ventures, Y Combinator partner and Scribd co-founder Jared Friedman.
The funds raised will be used to accelerate production, develop new products, and finance growth initiatives. The round follows over 6,000 units sold in pre-orders through a successful Indiegogo campaign. Following the fulfillment of pre-sale orders, the Eight Sleep Tracker will be available for purchase on the company’s website and Amazon.
Matteo Franceschetti, co-founder and CEO of Eight, stated:
“We are leveraging the power of data to understand individual sleep patterns and discover what sleep really means to human life. It’s exciting to see so much interest in how technology can improve sleep, and we look forward to getting the Eight Sleep Tracker into the hands of our backers and growing the company as the needs of our customers evolve.”
Friedman added:
“I’ve seen a number of companies trying to innovate in the sleep space from the rise in direct-to-consumer mattresses to wearables, but Eight is the first company that merges individual data with environmental elements in a way that is organic to how we already go to bed. I’m excited to see how Eight is changing the way we think about sleep, and I’m confident that this is the right team to bring this mission to life.”
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