Nanit, a smart baby monitoring system, closed a $25 million Series C funding round led by new investor GV (formerly Google Ventures).
Existing investors Jerusalem Venture Partners (JVP), Upfront Ventures, RRE Ventures, and Rho Capital Partners also participated in the round.
As part of the funding, GV Partner Frederique Dame will join Nanit’s Board of Directors with longtime investors Upfront Ventures Partner Mark Suster, JVP Founder and Executive Chairman Erel Margalit, RRE Ventures General Partner Will Porteous, and independent advisor Meka Millstone-Shroff.
Including the latest funding round, Nanit has raised $75 million to date. The company plans to use the new funds for international expansion and research & development for new products, services, and in-app features.
Nanit makes a smart monitoring system for sleeping babies. The baby-monitoring system gives parents insights into their baby’s sleep, as well as their overall health.
The system includes an overhead nursery camera that uses AI to see and hear anything that happens in or around the crib. Paired with Nanit’s Breathing Wear, caregivers can keep track of their baby’s sleep and breathing patterns without sensors or wires. Together with the Nanit app, these products and features provide personalized insight into the early years of a child’s life, the company said.
The company also announced the launch of its HD nursery camera, the Nanit Pro, alongside Smart Sheets, a textile that allows parents to measure their baby’s height and track their growth.
Nanit says since launching in 2016, it has tracked over 212 million hours of sleep, 42 million parental visits, and over 21 million morning wakeups.
“We are excited about what Nanit can do to support families in their incredible parenting journey and believe there are endless opportunities, both now and in the future, to provide parents with personalized insights into their child’s health and development that we’ve never had before,” said Nanit CEO Sarah Dorsett.
“With the strong backing of our investors and a rapidly growing global community of loyal users, we will continue to introduce innovative solutions that make parenting easier and that are natural extensions of the technology they are using on a daily basis.”
Wearable health monitoring device makers have raised over $3 billion VC funding since 2013, according to the Mercom funding database.
