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CEO spends $3K per employee on sleep tech

6/17/2026

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Story summary
  • Factory chief executive Matan Grinberg spent $3,000 per employee on Eight Sleep mattress covers to boost focus.
  • Factory, founded in 2023, has raised $150 million from investors Khosla Ventures, Sequoia Capital and Blackstone and employs 120 staff.
  • Grinberg said the sleep devices aim to improve focus, limit processed sugar and provide snacks.
  • He noted that other tech leaders, such as Whoop’s chief executive, fund employee sleep initiatives, reflecting a wellness trend.