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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
2025-08
2026-03
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

Eight — frequently asked

What bank does Eight use?

Eight discloses Chesapeake Bank as its banking provider, according to the Embedded Finance Index 2026.

Is Eight a bank?

Eight does not disclose a bank charter of its own; its banking services are provided through Chesapeake Bank.

Who founded Eight?

Eight was founded by Massimo Andreasi Bassi, Matteo Franceschetti and Alex Zatarain and is founded in 2014, headquartered in New York, NY, USA.

How much funding has Eight raised?

Eight has raised $310M+ in total (latest round: Strategic Round, March 2026; valuation: $1.5B post-money (2026)).

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