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SANTA CRUZ - Tempur Sealy International has entered into a 10-year global licensing agreement with Fullpower-AI for its KOA Sleeptracker-AI technology platform, according to a press release issued Thursday. As part of the agreement, Tempur Sealy will invest $25 million in Fullpower-AI’s Series C funding round, valuing the California-based AI company at $160 million. The move comes as Somnigroup International Inc. (NYSE:SGI), Tempur Sealy’s parent company, maintains a strong market position with a $15.4 billion market capitalization and robust YTD returns of 30.5%.
The long-term partnership will continue the deployment of Fullpower-AI’s Sleeptracker-AI platform across Tempur-Pedic smartbeds globally. To date, more than 300,000 Tempur-Pedic smartbeds have been equipped with this technology, which provides real-time biosensing and sleep insights. According to InvestingPro data, SGI maintains a GOOD financial health score, supporting its aggressive technology investment strategy.
"We are pleased to extend and deepen our partnership with Fullpower-AI, ensuring its Sleeptracker-AI platform will be an integral part of the Tempur-Pedic product portfolio for years to come," said Cliff Buster, CEO of Tempur Sealy, a wholly-owned business of Somnigroup International Inc. (NYSE:SGI).
The KOA Sleeptracker-AI platform uses AI technology to transform smartbeds into wellness systems that learn and adapt to deliver sleep coaching. Philippe Kahn, Founder and CEO of Fullpower-AI, described the alliance as "a natural next step" in the company’s mission.
Fullpower-AI, based in Santa Cruz, California, specializes in AI biosensing technology. Its KOA platform is designed for health, wellness, senior living, and sleep science applications. The company states that its technology has been independently validated by Stanford Medicine and UCSF.
The announcement comes as smart sleep technology continues to gain traction in the bedding industry, with manufacturers incorporating more health monitoring capabilities into their products. SGI’s stock has shown remarkable strength, trading near its 52-week high of $75.69, with analysts maintaining a strong buy consensus. For deeper insights into SGI’s valuation and growth prospects, InvestingPro offers comprehensive analysis with 14+ additional ProTips and detailed financial metrics.
In other recent news, Somnigroup International reported its second-quarter earnings, which slightly exceeded analysts’ expectations. However, the company’s guidance did not meet investor enthusiasm. The world’s largest bedding company experienced a 1.20% decline in shares during after-hours trading following the announcement. This development highlights the importance of meeting not only earnings expectations but also providing forward-looking guidance that aligns with investor sentiment. The company’s performance in the second quarter was a key focus for investors, with the earnings report being a significant event. The lack of excitement surrounding the guidance suggests that future projections play a critical role in investor decisions. These recent developments underscore the challenges companies face in balancing current performance with future outlooks.
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