Eight
“Can a smart mattress company become the dominant AI-driven preventive health platform by embedding clinical sleep intelligence into a consumer hardware subscription?”
Founded2014
HQNew York, NY, USA
FoundersMassimo Andreasi Bassi, Matteo Franceschetti, Alex Zatarain
Total raised$310M+
Latest roundStrategic Round, March 2026
Valuation$1.5B post-money (2026)
IndustryVertical SaaS / Healthcare
The story
Founded in 2014 as a smart mattress company under the name Luna Sleep, Eight Sleep repositioned itself as a sleep technology and AI-driven health platform. The company evolved from selling a connected mattress (the Pod) to building a subscription-based health data layer on top of hardware. As of 2025–2026, Eight Sleep is pursuing a strategy of embedding clinical-grade sleep insights and AI-powered interventions into its hardware ecosystem, positioning the Pod as a preventive health device rather than a consumer electronics product.
Last 12 months
Product timeline
2014
Founded as Luna Sleep (later rebranded Morphy, then Eight Sleep); began selling smart mattress accessories.· pivot
2021
Raised $86M Series C at $500M valuation; accelerated Pod smart mattress platform with temperature and health-tracking features.· banking
2025
Raised $100M round at ~$1B valuation; announced AI-powered sleep tech roadmap and international expansion plans.· pivot
2026
Raised $50M strategic round led by Tether Investments at $1.5B valuation; confirmed free-cash-flow positive in 2025.· pivot
The stack
1 layer disclosed in Eight’s embedded-finance stack
Banking / BaaS
Chesapeake Bank
Accounting gap: none