Sleep.ai, a sleep intelligence platform, has raised $5.5 million in funding, which it’s going to use to advance its AI fashions that analyze sleep patterns, it introduced on Tuesday.
The Carlsbad, California-based startup, previously often known as SleepScore Labs, affords a set of APIs that may be built-in into different well being and wellness apps to energy their sleep help options. This help contains sleep knowledge monitoring, actionable insights into customers’ sleep patterns and customized teaching. The corporate additionally supplies analysis and growth companies — together with product validation, sleep research and claims help — to assist companies create efficient sleep options.
As well as, Sleep.ai affords a completely reimbursed app that’s out there to all German residents. The app supplies sleep monitoring, sleep evaluation and training.
Sleep.ai’s $5.5 million in funding was led by Treasure Coast Ventures and included participation from Nurture Ventures, the Harvard Enterprise College Alumni Angels of Better New York and Supermoon Capital. In complete, the corporate has raised about $15 million.
“Sleep is rising as one of the crucial vital and under-addressed frontiers in world well being, and no firm is healthier positioned to steer it than Sleep.ai,” stated Robert Padulo, Ph.D., managing accomplice of Treasure Coast Ventures, in an announcement. “Their unmatched dataset, scientific rigor, and confirmed potential to translate analysis into scalable, business options set them aside in a crowded AI market.”
The financing shall be used to advance its AI fashions, in keeping with Colin Lawlor, founder and CEO of Sleep.ai. It’s additionally investing in its go-to-market technique by constructing model consciousness and increasing partnerships within the well being and wellness area.
The funding announcement comes at a time when sleep deprivation is costing the worldwide economic system greater than $411 billion yearly in accidents, misplaced productiveness and well being points. And there’s little or no help out there, with about one sleep specialist for each 43,000 sufferers within the U.S. with obstructive sleep apnea.
“Customers immediately are making selections and attempting all kinds of interventions,” Lawlor stated. “Some are confirmed and supported and others will not be. Some are protected and others will not be. That’s simply not likely a profitable components as a result of trial and error … ends in years of misplaced sleep, and in lots of instances, that’s very troublesome to recuperate when it comes to the long-term well being results. We predict that the primary concern round sleep is we have to acquire knowledge. … We take the info, we make sense of that knowledge, and AI is an incredible enabler of with the ability to do all of that.”
Within the subsequent few years, Lawlor hopes Sleep.ai touches at the least a billion folks by its partnerships.
A number of different firms additionally provide AI merchandise for sleep. These embody Eight Sleep, which affords a mattress cooling system, and Fullpower, which supplies distant in-home sleep monitoring. Nonetheless, Lawlor considers these firms’ companies to be complementary to what Sleep.ai supplies.
Photograph: Olga Pankova, Getty Photos
