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Nanit, a smart baby monitor developer that uses computer vision technology to help baby sleep development, has secured $14 million in Series B financing led by Jerusalem Venture Partners (JVP).
With additional participation from existing investors Upfront Ventures, RRE Ventures, Vulcan Capital, and Vaal Investment Partners, this latest round of funding brings the company’s financing total to nearly $30 million and will be used to expand its team of world-class computer vision and machine learning engineers and scale production to meet growing retail demand domestically and abroad.
Nanit is combines computer vision, machine learning, and advanced camera sensors to measure a baby’s sleep cycle by providing actionable insights that lead to improved sleep for the entire family.
“Nanit is redefining the baby monitor space by creating a nonwearable device that provides parents with valuable information about their baby’s sleep development,” said Assaf Glazer, Nanit CEO and co-founder. “This is a game-changer not only for parents, but for research institutes.”READ MORE