The billion-dollar race to fix America’s sleep crisis

The business of sleep has gone well beyond hawking mattresses, pillows, and bedframes. And it’s with good reason that seemingly everyone is analyzing their sleep data on various hardware devices. Roughly one in three adults in the U.S. regularly gets insufficient sleep, driving demand for new tools that can monitor, analyze, and improve rest. Enter Eight Sleep, founded in 2014 by Matteo Franceshetti and his wife, Alexandra Zatarain. Eight Sleep has raised about $260 million since its inception, from the likes of Khosla Ventures to F1 notables Zak Brown and Charles Leclerc. The company sells bedding hardware and software – under the Pod name – that tracks sleep patterns and can heat and cool. The company’s valuation stands at nearly $1 billion. It has generated more than $500 million in Pod sales. Yahoo Finance executive editor Brian Sozzi sits down on the Opening Bid Unfiltered podcast with Eight Sleep co-founder and CEO Matteo Franceschetti to go inside the future of more advanced sleep, and what’s next for one of its leaders in the space. Yahoo Finance's Opening Bid Unfiltered brings you a high-octane take on the freshest analyst calls, wildest stock moves, and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor, before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid Unfiltered at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Yahoo Finance's Opening Bid Unfiltered is hosted by Brian Sozzi and produced by Langston Sessoms. Learn more about your ad choices. Visit megaphone.fm/adchoices