Somnee, a neurotechnology company developing AI-powered sleep wearables, has secured $10 million in Series A funding. The round was led by Khosla Ventures, with participation from notable investors including Marc Benioff's TIME Ventures, LEAD VC (founded by the Adidas family), the DeVos family (Orlando Magic ownership), Seaside Ventures, Nelstone Ventures, and Metalab. This investment will fuel the launch of Somnee's second-generation sleep headband and its SmartSleep AI operating system.
Somnee's innovative headband uses EEG+ and AI to personalize sleep improvement, helping users fall asleep faster and experience deeper, more restful sleep. The company's technology has already shown impressive results in clinical studies, outperforming other sleep aids significantly. The second-generation product is currently being piloted with NBA teams.
The funding will be used to scale production and distribution of the new headband and AI system, targeting the substantial $91.4 billion sleep aid market. Somnee aims to leverage its technology to improve sleep quality and overall well-being, expanding its partnerships with professional sports organizations, employers, and healthcare brands.
Somnee's team includes leading neuroscientists and boasts a strong track record of innovation and awards, solidifying its position as a leader in the sleep technology sector. The company's mission is to transform sleep and neurological health through personalized neuroscience.