Hello, the creator of the Sense sleep tracker, is valued between $250 million and $300 million as part of its latest funding round, sources tell TechCrunch. The company has raised $40 million in a round led by Temasek, according to a report by the Financial Times.
The Sense sleep tracker consists of a small device that sits next to a person’s bedside and a small “Sleep Pill” that sits inside a pillowcase. It tracks a number of data points, such as noise, air particulates and lighting, and then provides more in-depth data about a person’s sleep quality.
Hello raised $2.4 million from a Kickstarter fundraising campaign prior to launching, and began shipping recently. It also raised at least $10.5 million as part of a previous financing round, according to a filing with the Securities and Exchange commission.