MOUNTAIN VIEW, Calif (PRWEB)
June 28, 2017
Cocoon Cam, the world’s first intelligent baby breathing video monitor, today announced that it has closed a $4MM Series A funding round led by Happiness Ventures with participation from previous angel investors. The funding brings Cocoon Cam’s total investment to $5.01MM and will be used to help the company aggressively scale consumer marketing and sales, product development and engineering.
“We are thrilled to lead Cocoon Cam’s Series A and proud to be working with such a passionate team. Their compelling vision for health monitoring of infants with groundbreaking new computer vision algorithms is a great fit for our portfolio,” said Curtis MacDonald and Ajay Ramachandran of Happiness Ventures. They continued, “Happiness Ventures is all about investing in true-believer founders working on revolutionary concepts, something Cocoon Cam’s team has convincingly demonstrated over the time we’ve known them.”
Cocoon Cam’s proprietary technology lets parents view their baby at any time, day or night, through a smartphone application (available for both iOS and Android) and leverages the latest in computer vision technology to deliver breathing monitoring, instant alerts and sophisticated sleep analytics never before available for home use. Cocoon Cam is the most trusted way to keep babies safe, healthy and sleeping well. Cocoon Cam has completed IRB-approved research validation studies at University of California San Diego and Lucile Packard Children’s Hospital Stanford’s NICU.
“The idea for Cocoon Cam came about with the birth of my daughter. Experiencing first-hand the combination of excitement and anxiety of being a new parent, it was clear that knowing your baby is safe and sleeping well are…