Based near Pittsburgh, PA, the privately-held company was formed in 2008 after the company's Founder, Eric Nofzinger M.D., performed pioneering brain imaging studies on patients with insomnia at the University of Pittsburgh. The Cereve management team includes former executives from Respironics, a global leader in sleep and respiratory markets that was acquired by Philips in 2008 for $5 billion.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 01/05/17 | $38,000,000 | Series B |
Arboretum Ventures KKR Partner Ventures Versant Ventures | undisclosed |
