0 months ago
Cradlewise Raises $12 Million to Expand AI Baby Sleep Products
Cradlewise is a company that makes smart cribs for babies.
Its cribs use sensors and software to notice when a baby moves or changes sleep patterns.
The crib can then automatically soothe the baby.
The company has raised $12 million from investors.
It plans to use the money to improve its products and reach more customers.
Cradlewise also wants to sell through more stores and websites.
It plans to expand into international markets.
The company may create more products and software related to children’s sleep.
Cradlewise raised $12 million in Series A funding led by 3one4 Capital and Prudent Investment Management.
The company will use the funding for research and development, distribution expansion and international growth.
Cradlewise makes smart cribs that detect infant movement and sleep patterns and provide automated soothing.
Founded in 2019 by Radhika Patil and Bharath Patil, Cradlewise is headquartered in San Francisco and manufactures in Pune.
The funding brings Cradlewise’s total capital raised to $26 million, with plans for additional child-sleep products and software.
- Who
- Cradlewise, founded by Radhika Patil and Bharath Patil, raised funding from 3one4 Capital and Prudent Investment Management.
- What
- The company raised $12 million in Series A funding.
- Where
- Cradlewise is headquartered in San Francisco and has manufacturing operations in Pune.
- When
- The funding was announced in the article; no specific announcement date was provided.
- Why
- The funding will support product research and development, distribution expansion, international growth and additional child-sleep offerings.
Key facts
- Funding round
- $12 million Series A
- Lead investors
- 3one4 Capital and Prudent Investment Management
- Total capital raised
- $26 million
- Founded
- 2019
- Headquarters
- San Francisco
- Manufacturing
- Pune
- Funding adviser
- Radix Capital Advisors, led by Abhishek Taparia
Quotes
Prashasta Seth
Managing Partner and Chief Executive Officer of Prudent Investment Managers
“Cradlewise sits at the intersection of two themes we've been tracking closely—AI-native consumer hardware and the shift from passive monitoring to active, intelligent intervention.”
CNBC TV 18
“We are excited to partner with Radhika and Bharath as they scale into the next phase of growth.”
CNBC TV 18
Sources
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