Nanit raises another $25M for its AI-powered baby monitor

Greg Kumparak
·1 min read

Nanit's nursery camera pairs computer vision with specially patterned clothing to help answer the question that most new parents ask themselves roughly every 90 seconds: "Is my baby still breathing?"

This morning the company is announcing that it has raised an additional $25 million in a Series C round led by GV.

As part of the deal, GV's Frederique Dame will join Nanit's board of directors.

The company raises this Series C on the momentum of a strong year. While declining to share exactly how many cameras the company had sold to date, Nanit CEO Sarah Dorsett tells me that camera sales were up 130% in 2020 versus 2019.

Earlier this month Nanit debuted the Nanit Pro, an upgraded model ($299 versus $249 for the Nanit Plus) that increases the camera's resolution while improving things like the built-in night light and overall usability. It also launched a line of "smart sheets," complete with a custom black-and-white pattern the camera reads to help measure and record your baby's height between doctor visits.

Dorsett tells me the company plans to expand its lineup into a broader ecosystem of nursery items, mentioning things like changing pads and nightlights as things "that exist today, but that [Nanit] could really amplify because of the app experience."

This Series C brings Nanit's total raised to $75 million. While round-leader GV is a new investor here, it was backed by existing investors Jerusalem Venture Partners, RRE Ventures, Upfront Ventures and Rho Capital Partners.