ChiliSleep’s parent company raises $37M and merges with Ebb Therapeutics
Kryo, the company behind the ChiliSleep brand, is announcing that it has merged with another sleep technology company, Ebb Therapeutics, and also raised $37 million in new funding led by Ebb’s biggest investor, KKR.
Founded in 2007, Kryo/ChiliSleep’s products include the chiliPAD, a device designed to improve sleep by adjusting the temperature of your bed. Co-founder and CEO Tara Youngblood told me the company has always been focused on “changing sleep through temperature regulation” — but recently, the team has also become “hungry for this software piece” that will allow them to reach consumers without hardware.