Somnigroup International buys equity interest in Fullpower-AI

2 days ago 1

Somnigroup International (NYSE:SGI) Thursday announced the expansion of its relationship with Fullpower-AI, a provider of biosensing AI solutions.
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.

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