Sleep Cycle strikes multi-year IoT licensing deal to expand beyond mobile sleep tracking

Sleep Cycle AB ( (SE:SLEEP) ) has provided an update.

Sleep Cycle has signed a strategic multi-year SDK licensing agreement with a global IoT and smart home device brand, allowing the customer to embed Sleep Cycle’s patented audio-based sleep-tracking analysis directly into its hardware products. The deal advances Sleep Cycle’s ‘Powered by Sleep Cycle’ strategy by extending its technology beyond mobile phones into connected devices, bolstering its technology licensing business and diversifying revenue streams. Management frames the agreement as a key step in scaling the company’s AI-driven sleep technology to broader audiences and positioning Sleep Cycle within the fast-growing market for ambient AI-powered hardware that adapts to health-related biological indicators such as sleep and respiration, with implications for stronger industry positioning and new partnership-driven growth.

The most recent analyst rating on (SE:SLEEP) stock is a Hold with a SEK24.50 price target. To see the full list of analyst forecasts on Sleep Cycle AB stock, see the SE:SLEEP Stock Forecast page.

More about Sleep Cycle AB

Sleep Cycle is a Sweden-based AI sleep technology company listed on Nasdaq Stockholm under the ticker SLEEP. The company’s core offering is a consumer sleep-tracking app that uses patented audio-based sound technology and insights from more than 3 billion analyzed sleep sessions to help users build healthy sleep habits, identify potential sleep issues and receive personalized guidance. Through a broader partnership program, Sleep Cycle also licenses its SDK, runs promotions and provides an extensive sleep data library, enabling other businesses to integrate advanced sleep solutions into their products and services.

Average Trading Volume: 40,596

Technical Sentiment Signal: Sell

Current Market Cap: SEK470.4M

For detailed information about SLEEP stock, go to TipRanks’ Stock Analysis page.