Somnigroup International Inc. (NYSE: SGI, “Company” or “Somnigroup”) today announced the expansion of its relationship with Fullpower-AI® (“Fullpower”), a leading provider of biosensing AI solutions. Since 2019, Fullpower’s Sleeptracker-AI (“Sleeptracker”) technology has powered the TEMPUR-Ergo® Smart Base collection for over 250 million nights of sleep. As part of the expanded partnership, Tempur Sealy, a wholly-owned business of Somnigroup, is making a $25 million equity investment in Fullpower to acquire an approximate 15.6% ownership stake.
In addition, Tempur Sealy and Fullpower have signed a multi-year extension through 2036 of Tempur Sealy’s exclusive rights to embed Sleeptracker technology in its products. This agreement secures continued access to one of the industry’s most advanced AI sleep platforms, ensuring continued sleep insights and coaching for consumers globally. Further, the sleep data aggregated by Sleeptracker enables Tempur Sealy to deepen its understanding of consumer behaviors and deliver even more targeted product solutions.
Somnigroup Chairman and CEO Scott Thompson commented, “This strategic investment reflects our deep commitment to furthering innovation and enhancing the future of the consumer experience. By extending our relationship with Fullpower, we are both furthering our ability to serve consumers through smarter, more tailored solutions and reinforcing our position at the forefront of bedding innovation.”