Peter Boboff

Elon Musk, Mark Zuckerberg, and many of your favorite athletes all sleep on an @eightsleep. I loved the product so much, I begged Matteo and Alex to let me invest. Today they launch the latest version of their product. Sleep fitness improving lives.

It is a truly monumental day for @regentcraft – I’m ecstatic to announce our $60M Series A! From our earliest days, we were told this round may be the hardest money we ever raise. I wont go as far to say its “easy” to build a sub-scale, proof-of-concept demonstrator, but many companies have done it. In the early days, we raised our Seed Round off a business plan, some clever use of physics and regulatory pathways, and a ¼ scale uncrewed prototype that proved it was possible. But then came the big jump: full-scale, human safe systems. They’re (very) expensive. They’re difficult. They take years to design. When they break, there’s no reversion to the last stable branch of code – its months of repair and delays on program goals. Most importantly, human life is on the line. Systems must be redundant. Tested to the edge of their operating envelope and beyond. It is a whole new ballgame. Unsurprisingly, the world of interested investors quickly dwindled when we first tested the waters of a $60M raise to build a human-carrying prototype. And if the ask wasn’t grand enough, as an economic backdrop, it was the worst fundraising market of the last decade. We of course understood the general sentiment. After all, what could be a more capital intensive, more risk-on, more long-lead than investing in a human-carrying flying machine? Investors existing and prospective alike challenged us on our approach. “Why build the full scale? Is there anything else you can do that’s less money, time, or risk?” We stood steadfast because we knew: if we wanted to bring seagliders to market on the timeline we promised, this was the next step. Full scale, with humans onboard. So we remained undeterred, and we chipped away. We began forming strategic commercial partnerships and took investment from @JAL_Official_jp, Yamato Transport, and others (soon to be announced!). We leaned in on dual use - on the growing need for distributed maritime transport to our armed forces - and brought on @LockheedMartin. And at this intersection of defense and sustainability, we met 8090 Industries - who’s ethos and hustle perfectly complimented our own. With a lead check from 8090, and co-leadership from @foundersfund , our earliest backer, the Series A was on. We gathered support from investors who understood what we were doing. Who didn’t recoil at the goal of a full-scale human-carrying prototype, but rather embraced it. They saw the prize – the promise of $8B in commercial preorders waiting on our development, a capability perfectly in line with an existential capability gap in national defense strategy, and a mode of transportation that will service the billions of people that move along coastlines every year. When the dust settled, we raised an oversubscribed $60M round that funds us all the way through human flight of our full scale prototype, and we were able to do it all without slowing down the engineering one bit. The year ahead will be the most exciting year in REGENTs history (I suppose that isn’t saying much as we’re only 3 years old – but it will be truly exciting!) as we fly humans on a seaglider for the first time in history. Besides our amazing investors, I’m thankful for our steadfast customers, our partners, my co-founder and best friend @Mikeklinker, and my wife who has provided unwavering support through the years of founder grind. Could not be more proud of this amazing team and more humbled to be a part of it. And you can bet, this round has not gone to our heads. We know we’re still a long way from our goal of global seaglider operations and we’re full force ahead on making history next year!

News! @SceneryCo has raised a $14.6M Series A led by @GreylockVC with @craft_ventures, @Figma Ventures and others participating & we're opening scenery.video public beta!

Excited to unveil AbstractOps: the Scaling System for Companies. We unify data & workflows across Legal, HR, Finance, Compliance, so that founders and execs focus on what matters: product & customers. abstractops.com/announcing-abs…

The Last Mile @tlm is thrilled to have Apple support our mission. nr.apple.com/dH8a0o8v5T