|By PR Newswire||
|August 7, 2014 10:59 AM EDT||
NEW YORK, Aug. 7, 2014 /PRNewswire/ -- Casper (caspersleep.com), the sleep startup that launched with an outrageously comfortable mattress, today announces the close of a $13.1 million Series A funding round led by New Enterprise Associates (NEA). New participants include Ron Conway's SV Angel, Ashton Kutcher's A-Grade Investments, Slow Ventures, Mike Duda's Consigliere Brand Capital, Silas Capital, Cendana Capital, and fashion designer Steven Alan. Existing investors, including Lerer Hippeau Ventures, Norwest Venture Partners, Crosslink Capital, Vaizra Investments, Queensbridge Ventures, and Correlation Ventures, also participated in the round. Tony Florence (NEA) and Ben Lerer (Lerer Hippeau Ventures) will join the Board of Directors. In March 2014, Casper closed a $1.85M seed round led by Lerer Hippeau Ventures.
Casper launched in April 2014 and has generated millions in sales to date. The company's first product, the Casper (priced $500 – $950), is a singular, universally comfortable mattress designed and engineered in-house with a team led by Jeff Chapin, a former IDEO designer. The patent-pending sleep surface is made in America, and unites memory and latex foams to provide healthy bounce, cool sleep, and proper anatomic support. It ships free via UPS or bike messenger in a "how-did-they-do-that" sized box, and is backed by a 100-day in-home trial period and 10-year warranty.
The new investment will advance product design and innovation, allowing Casper to expand its sleep offerings. With sales growing month over month, Casper strikes a chord with a consumer demographic alienated by the industry.
"Since launching this spring, we have been inundated with requests to expand our product line," says Philip Krim, CEO and co-founder. "We're excited to explore new opportunities with the same innovation, engineering, and testing that allowed us to develop our critically-acclaimed mattress."
"Casper resonates with a generation that has been encouraged to pull all-nighters and work around the clock, despite the research that ties sleep to increased productivity, creativity, happiness, and health," says Ben Lerer, Managing Director at Lerer Hippeau Ventures. "The team re-engineered the experience to connect with consumers every step of the way— from the product and design to customer support and social engagement."
"It's rare to enter a mature industry with a brand and product as differentiated as Casper's," says Tony Florence, General Partner at NEA. "As an early stage company, they have already made a mark on an industry where consumers spend over $20B annually, and I'm thrilled to join the board as Casper continues to grow rapidly."
Casper is a sleep startup that launched with an outrageously comfortable mattress sold directly to consumers — eliminating commission-driven, inflated prices. The critically-acclaimed sleep surface was developed internally by product engineers with experience from IDEO and NASA, has a sleek design, and is delivered right to your door in a mini-fridge-sized box. caspersleep.com
Sep. 2, 2015 10:00 AM EDT Reads: 812
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Sep. 2, 2015 10:00 AM EDT Reads: 1,548
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Sep. 2, 2015 10:00 AM EDT Reads: 274
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Sep. 2, 2015 10:00 AM EDT Reads: 189
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
Sep. 2, 2015 09:45 AM EDT Reads: 1,618
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
Sep. 2, 2015 09:45 AM EDT
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
Sep. 2, 2015 09:45 AM EDT Reads: 557
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
Sep. 2, 2015 09:30 AM EDT Reads: 1,542
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading in...
Sep. 2, 2015 09:30 AM EDT Reads: 1,984
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Sep. 2, 2015 09:30 AM EDT Reads: 376
Sep. 2, 2015 09:15 AM EDT Reads: 1,595
Sep. 2, 2015 09:00 AM EDT
Sep. 2, 2015 09:00 AM EDT
Sep. 2, 2015 08:45 AM EDT
Sep. 2, 2015 08:30 AM EDT Reads: 306