Smart mattress-topper firm Eight Sleep said it had raised $100 million in a series D funding round, from investors including HSG, Valor Equity Partners, Founders Fund, and Y Combinator. It brings to $250 million the decade-old company has raised. The new funding will allow the company to pursue AI-powered enhancements to its products, as well as expand internationally and pursue FDA approval for certain features, according to CEO and co-founder Matteo Franceschetti. He said Eight #Sleep was profitable and only raised the money because the investors offered it. “Usually you have more demand from investors when the company is doing well,” Franceschetti said, adding that Eight Sleep was “growing extremely fast” and was profit, with strong unit economics. He said the company plans to eventually go public but “we’re not in a rush.” HSG refers to HongShan Capital Group, the Chinese powerhouse formerly known as Sequoia Capital China. In the interview, Franceschetti said, “the next big, move will be Asia, particularly China.” #Gadgets https://techcrunch.com/20.. #Going to China 🇨🇳