AI Baby Monitor Startup Nanit Raises $21 Million
Nanit develops a machine learning and computer vision-based monitor that tracks and analyses babies’ sleep
Adi Pick | 14:00, 12.05.20
Udisense Inc., the Israeli baby sleep monitor startup known as Nanit, announced Tuesday it has completed a $21 million series C financing round. The round was led by existing investors Jerusalem Venture Partners (JVP) Upfront Ventures, RRE Ventures, and Rho, bringing the company’s total funding raised to date to $50 million.
Founded in 2016 and based in Tel Aviv, Nanit develops a machine learning and computer vision-based monitor that tracks and analyzes babies’ sleep. Nanit's technology is based on a camera that monitors and analyzes sleep patterns in real-time, offering sleep insights, behavioral analysis, expert advice, and nightly video summaries.
Last year, the company launched a line of custom-designed cotton baby outfits that allow parents to track their infant’s breathing by reading the pattern printed on the outfit’s fabric without putting sensors on their skin.
Nanit’s products are available at American retailers including Best Buy, Target, Amazon, and Pottery Barn Kids, among others.
The company said it intends to use the funds to boost its product development and to further grow its global footprint.
