Smart baby monitor company Nanit raises $ 25 million

Israeli smart baby monitoring systems development company Nanit announced today that it has closed a $ 25 million Series C financing round led by new investor GV (formerly known as Google Ventures) and with the participation of existing investors Jerusalem Venture Partners (JVP), Upfront Ventures, RRE Ventures, and Rho. Capital Partners. Most recent financing amounts to $ 75 million of total capital raised by the company. Funds from the round will enable Nanit to meet customer demand around the world through infrastructure investment and staffing as well as research and development to create more innovative products, services and features within the app that build on Nanit’s core technology and insights. The company is headquartered in New York and has development offices in Israel. The company was founded in Israel by Dr. Assaf Glazer, Tor Evry and Andrew Berman. Over the past year, Nanit has reported that its user base has doubled and annual revenue has grown by more than 130%. Nanit provides parents with instant information and personal data about their children’s health and well-being on their phones. The solution starts with Nanit’s AI-powered nursery camera that uses advanced computer vision technology to see and hear everything that happens in and around a crib, along with machine learning and data-backed sleep science to provide actionable insights that help parents learn about their child’s development. Nanit’s proprietary breathing apparel line integrates with the Nanit camera giving parents the ability to safely monitor their child’s breathing movement without sensors or wires. Together with the Nanit app, these products and features provide in-depth personal insight available to help children and parents sleep well and feel confident during the crucial first years of a child’s life. The company unveiled the next generation of its Nanit Pro high-resolution nursery cameras alongside Smart Sheets, a unique fabric that allows parents to measure the height of their children and track their growth using the Nanit camera’s computer vision that can read the ink pattern. On a Nanit Bed Sheet. Nanit CEO Sarah Dorsett said, “We are excited about what Nanit can do to support families on this incredible parenting journey and believe there are countless opportunities, both now and in the future, to provide parents with personalized insights into their children’s health and development. Before. With strong support from our investors and a rapidly growing global community of loyal users, we will continue to provide innovative solutions that make parenting easier and are natural extensions of the technology they use daily. ”Posted by Globes, Israel business news – en.globes.co.il – On February 22, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021