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Neurotech start-up Rythm raises $11 million more to develop and commercialize sleep-monitoring headband Dreem

Dreem machine: Rythm rais­es $11 mil­lion and launch­es $500 sleep-mon­i­tor­ing head­band (Ven­ture­Beat)

Found­ed out of France in 2014, Rythm is now based in San Fran­cis­co, where it has been work­ing toward bring­ing its Dreem machine head­band to market…In a nut­shell, Rythm touts itself as a neu­rotech­nol­o­gy com­pa­ny that’s set­ting out to “enhance” your sleep, help­ing you “fall asleep faster, get deep­er sleep, and wake up refreshed,” accord­ing to a com­pa­ny state­ment. The mag­i­cal head­band mon­i­tors and ana­lyzes your brain activ­i­ty and “acts” on your brain by emit­ting sounds to aid the sleep­ing process…

Rythm start­ed with one sin­gle idea — to mon­i­tor and influ­ence brain activ­i­ty based on audi­to­ry stim­u­la­tion to enhance sleep qual­i­ty,” said Rythm cofounder and CEO Hugo Mercier…Rythm also announced a fund­ing round of $11 mil­lion today, which is in addi­tion to the $11 mil­lion it raised last March and comes from bil­lion­aire French entre­pre­neur Xavier Niel, biotech­nol­o­gy doc­tor Lau­rent Alexan­dre, French insur­ance leader MAIF, and the French gov­ern­ment-backed Inno­va­tion Com­mis­sion 2030. The fund­ing con­sti­tutes $9 mil­lion from pri­vate investors and $2.5 mil­lion from pub­lic grants.”

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