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Nanit raises $21 million for its baby monitor, app, and new line of wearables for infants

The developer of a machine learning enhanced baby monitor, Nanit, has managed to nab $21 million in financing even amid the teeth of an epidemic that has slowed venture financing across the board.
The round came from existing investors including: Jerusalem Venture Partners, Upfront Ventures, RRE Ventures, and Rho Capital Partners, and brings the company’s total capital to $50 million.
Nanit said it would use the financing for continued product development and global expansion.
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