Dreem, a neurotechnology company, has closed a new round of funding, raising $35 million to accelerate product development, invest in strategic research and development, and advance the future of sleep technology. Last year, Dreem introduced a solution to address a suite of sleep problems and enhance the quality of rest during the night. The Dreem headband monitors brain activity to track sleep accurately and uses auditory stimulation as a medium to help people fall asleep faster, get deeper sleep, and wake up refreshed, according to the company.

With the $35 million investment, led by strategic investor JJDC, Dreem will bring new sleep technology to markets across the globe and continue to invest in R&D for future sleep-related scientific discoveries and technological innovations.

“Understanding and improving sleep is one of the most important technological, scientific, and societal undertakings of our time. If everyone in the world, of which 30% don’t sleep effectively today, were able to get better, more quality rest every night—we’d unleash opportunity like none other. Our productivity, creativity, humility as a global community could dramatically increase,” says Hugo Mercier, CEO, Dreem, in a release. “Our mission at Dreem is to help the world make that happen. We want to become the accessible, universally effective solution for everyone on the planet suffering from a poor sleep quality. And, while this journey is challenging and complex, we have everything we need—incredibly talented people, years of research at our disposal, tenacity and passion, and now a powerful set of new investors—to accelerate our team’s vision of changing lives by helping the world get better, healthier and more effective sleep.”

As Dreem heads into its next phase of development with this funding, the company’s primary objectives include:

  • Further developing the Dreem headband to make the product as accessible as possible
  • Developing new technological breakthroughs to significantly improve the experience—including making the technology as discreet as possible
  • Pursuing our scientific journey to advance sleep research to uncover new methods and approaches that will help people sleep and live better
  • Continuing to recruit talent around the world.