Somnee Raises $10 Million Seed Funding Led By Khosla Ventures For Smart Sleep Technology

Somnee, a sleep technology company based in Berkeley, has successfully raised $10 million in Seed funding, led by Khosla Ventures. The funding round also saw participation from TIME Ventures, LEAD VC, the ownership group of the NBA's Orlando Magic, and other investors.

Summary of transaction details:

• Deal Type: Seed
• Transaction Amount: $10,000,000
• Company: Somnee
• Notable Investors: Khosla Ventures, TIME Ventures, LEAD VC, NBA’s Orlando Magic ownership group, Seaside Ventures, Nelstone Ventures, Metalab

Somnee was co-founded by Dr. Matthew Walker, Dr. Robert Knight, and Tim Rosa, an ex-Fitbit executive who currently serves as CEO. The funds raised will be utilized to launch their second-generation smart sleep headband, which incorporates a proprietary SmartSleep AI operating system designed for personalized brain mapping and real-time monitoring throughout the sleep cycle.