Owlet is a connected infant health monitoring company that develops FDA-cleared wearable pulse oximetry devices for infants. The company's flagship products are the Dream Sock, an over-the-counter medical-grade pulse oximeter for infants 1-18 months, and BabySat, which provide real-time monitoring of oxygen saturation and heart rate. Owlet went public via SPAC merger with Sandbridge Acquisition Corporation in July 2021 (NYSE: OWLT) and has since pivoted to FDA-cleared medical devices after previous regulatory challenges with its original Smart Sock product.
Owlet is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2013
Employees
250–350
Total Funding
$402.85M
6 rounds
Latest Valuation
$1.07B
February 2023
Total raised $402.85M across 6 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
SPAC merger (IPO)
Date
July 16, 2021
Amount
$325M
Valuation
$1.07B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| February 2023 | Convertible preferred (post-IPO) | $30M | — | Eclipse Ventures, Trilogy Equity Partners |
| July 16, 2021 | SPAC merger (IPO) | $325M | $1.07B | Sandbridge Acquisition Corporation + PIPE |
| May 2018 | Series B | $24M | — | Trilogy Equity Partners |
Kurt Workman
President and Chief Executive Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Nanit
Founded 2014; WiFi-enabled baby monitor with sleep tracking, temperature/humidity monitoring, and breathing motion monitoring via unique fabric pattern (no sensors/radar required)
Sense-U
Clip-on wearable device that attaches to diaper/clothing; tracks breathing movements, sleep position, and ambient temperature around baby
Eufy
Smart baby monitor with video and audio capabilities; competes in the consumer WiFi-enabled monitor segment
Miku
Smart baby monitor offering WiFi-enabled video, audio, and sensor-free breathing monitoring
Babysense
Infant breathing monitor offering under-the-mattress sensor technology for sleep and breathing tracking
Owlet completed its SPAC merger with Sandbridge Acquisition Corporation on July 15, 2021, and began trading on NYSE under ticker OWLT. The company achieved significant validation in 2023 with FDA De Novo clearance for its Dream Sock product as a Class II medical device—the first and only over-the-counter medical-grade pulse oximeter cleared for infants. 2024 was a strong year with 45% revenue growth ($78.1M) and narrowed losses, driven by Dream Sock adoption across multiple distribution channels. Company reaffirmed guidance post-CEO transition in April 2026 when founder Kurt Workman returned as CEO.
Owlet shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Owlet had a valuation of approximately $1.07B at the time of its public offering. Current market capitalization fluctuates with the share price.
Owlet raised $402.85M across 6 disclosed funding rounds prior to its public listing.
Owlet is headquartered in Lehi, UT, USA.
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