AI Baby Monitor Startup Nanit Raises $14 Million
Nanit develops a baby monitor that uses computer vision and machine learning technology to measure babies’ sleep
Udisense, Inc., the Israeli baby sleep monitor startup known as Nanit, announced Monday it has completed a $14 million series B financing round led by Jerusalem Venture Partners (JVP). Existing investors Upfront Ventures, RRE Ventures, Vulcan Capital, and Vaal Investment Partners also participated in the round.
For daily updates, subscribe to our newsletter by clicking here.JVP founder and chairman Erel Margalit will join Nanit’s Board of Directors, the company said.
Nanit's camera. Photo: PR
Headquartered in the greater Tel Aviv area, Nanit develops a machine learning and computer vision-based monitor that tracks and analyses 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. Nanit has retail partnerships with Amazon and U.S.-based retailer buybuy BABY, Inc.
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Nanit was founded in 2016 and operates out of offices in Tel Aviv and New York. Nanit raised nearly $30 million in funding to date. The company said it will use the additional funds to hire more computer vision and machine learning engineers and scale production. Nanit also said it will expand distribution to new markets including Canada and Europe.
“Sleep has become one of the most important factors affecting our health and is part of an emerging category in the global high-tech arena,” JVP’s Mr. Margalit said in a statement. “Nanit takes the science of sleep one step forward and revolutionizes this field through computer vision and machine learning technology. Just as we know how to monitor our nutrition and physical fitness, Nanit enables the monitoring of each person's sleeping habits, the first stage starting off with babies.”