SOMNUS · INVESTORS · CONFIDENTIAL · SEED

The infrastructure layer for upper airway dysfunction.

Somnus is an airway platform company. We treat obstructive sleep apnea as a chronic condition — not a one-time surgical event — and we built the company to match that reality.
We are building the loop.
0%
HYPNARA™ gross margin
$0
ASP per procedure
0
U.S. patent applications filed
0+
Claims over the next 12 months
SOMNUS TECHNOLOGIES, INC. • CONFIDENTIAL
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The De-Risking Story

FDA-classification de-risked on the software side: counsel review concludes the Somnus Sleep™ app, the BSA™ acoustic engine, and the Somnus Index™ fit within the FDA General Wellness Policy.

The Somnus Sleep™ app turns any smartphone into a sensor via BSA™, our on-device acoustic breathing and snoring engine — zero hardware, zero cost to enter the funnel. The Somnus Index™ is a composite wellness score that tracks progression across the platform. Both operate under the FDA General Wellness Policy and are positioned in wellness terms.

Somnus Index™ is a wellness metric under FDA General Wellness Policy. Not a medical device.

Not a device gap. It's an infrastructure gap. The market keeps shipping better open-loop products into a problem that only a closed loop can solve.

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01 · Narrative

What we're building, in our own words

We're building the infrastructure layer for upper airway dysfunction (UAD).

The clinical wedge is HYPNARA™, a palatal implant with strong unit economics: $2,500 ASP, $300 COGS, 88% gross margin, break-even at two thousand units. At its May 7, 2026 FDA Pre-Submission meeting, Somnus reviewed the regulatory pathway for HYPNARA™. FDA did not raise concerns on the 510(k) pathway or the Pillar predicate (K040417). FDA indicated that a clinical study evaluating both safety and effectiveness will be required to support the change in implant material; study design, sample size, and protocol will be addressed in a supplemental Q-submission, and the 510(k) submission follows study completion. Somnus is in final evaluation of clinical research organizations to run the study. That's the near-term commercial story.

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— Unit economics & IP trajectory

HYPNARA™ unit economics

ASP per procedure
$2,500
COGS per procedure
$300
88%
gross margin
~2,000
units to break-even

IP portfolio trajectory — next 12 months

12
applications
filed today
~19
applications
+
390+
claims over
12 months
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02 · The Flywheel

Every product makes the others more valuable

Somnus Index™ breathing credit score AI/ML SCORING ENGINE Somnus Sleep™ + BSA™ Acoustic · any phone SENSOR future Agent All nodes SENSOR Bedside Node™ mmWave · beamforming SENSOR Therapy Outcomes Post-procedure data FEEDBACK Provider Directory™ Routes to Somnus-trained AI/ML ROUTING HYPNARA™ Implant THERAPY MORPHEX™ AI THERAPY Other Partner pathway CPAP · HGNS · OTHER

Every treated patient sharpens routing for the next.

Sensors → Bedside Node → Somnus Index™ → Provider Directory → Therapy → Outcomes → Re-scoring & Re-routing → back to Sensors. We are building the loop.

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03 · The Platform

Seven pieces, one flywheel

Clinical Wedge

HYPNARA™

Palatal implant for snoring and mild-to-moderate OSA. 510(k) via Pillar predicate (K040417), Voltas Medical (ISO 13485). Passive structural device; AI/ML decision layer in the surrounding software. Pre-Sub complete (May 7) — FDA did not raise pathway or predicate concerns; safety-and-effectiveness clinical study required; CRO selection in final evaluation; submission follows study.

$2,500 ASP · 88% GM · ~2,000 units
Oral Device Arm

MORPHEX™AI

A smart oral device with on-device airway analytics, supported by an AI/ML clinical decision layer. Ships in three regulatory stages so each stage funds the next; supports clinical decision-making and does not diagnose independently.

V1 MAD → V2 wellness → V3 diagnostic
Top of Funnel

Somnus Sleep™ + BSA™

Turns any smartphone into a sensor via BSA™, our on-device acoustic breathing and snoring engine. Zero hardware, zero cost to enter the funnel. Machine-learned acoustic classification with per-patient calibration.

Pre-launch · FDA General Wellness Policy-aligned
The Score

Somnus Index™

Composite wellness score that tracks progression across the platform. Patient-facing in the app, provider-facing in the Directory. Operates under the FDA General Wellness Policy and is positioned in wellness terms.

Core of the defensible moat
Provider Interface

Somnus Provider Directory™

Launch: patient-browsable directory of sleep-health providers from public registry data (NPPES). Neutral, informational — no credentialing claim, no selective routing — in the wellness context.

Roadmap (V3): predictive, selective routing layer and provider worklist is a roadmap capability on the device-software track; pathway under counsel review.

Premium Tier · Roadmap

Somnus Bedside Node™

Premium-tier bedside hardware with mmWave radar and beamforming mics. Extends BSA™ and the Somnus Index™ beyond the phone, and pairs with the MORPHEX™AI V3 diagnostic tier when that stage activates. Multi-modal sensor fusion with graceful degradation.

Roadmap — aligns with MORPHEX™AI V3
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— The Moat

The post-therapy outcome data nobody else captures is our training set.

The Long-Term Moat Is the Closed-Loop Data Network

The seven pieces are the components; the loop that connects them — sense, score, route, treat, re-score — is the durable asset. We are building the loop. As one connected system it does not exist in the market today, and it is the subject of multiple patent-pending applications across the closed-loop architecture, scoring, routing, and sensor-fusion claim families.

We're not selling a device. We're building the infrastructure layer for upper airway dysfunction.

Maturity reflects build status, not accumulated usage.
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04 · Near-Term Milestones

What the round funds

Use of proceeds. First-close capital funds HYPNARA™ through the FDA-required clinical study and 510(k) submission, the Somnus Sleep™ launch, IP-portfolio expansion, and provider-network seeding. The full round adds the MORPHEX™AI V1 MAD 510(k) workstream.

  • HYPNARA™ clinical study initiated and progressed toward 510(k) submission.
  • Somnus Sleep™ launched; early engagement traction.
  • IP portfolio expanded toward ~19 applications / 390+ claims.
  • Provider network seeded (neutral, public-registry-sourced directory at launch).
  • MORPHEX™AI V1 MAD 510(k) workstream underway (full-round capital).
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05 · The Ask

Terms & structure

$3–5M
Target raise
$20–24M
Pre-money
Single
entity
Structure · SAFE
$2.5M
First close
10–12 wk
Close timeline
  • Round — one round, one entity; $3M–$5M at $20M–$24M pre-money.
  • Option pool — 10% reserved at close.  Board — three seats: Founder/CEO, Lead Investor, Independent.
  • Issuer — Somnus Technologies, Inc., a Wisconsin C-corporation, single entity through seed close.
  • Use of proceeds — HYPNARA™ launch · MORPHEX™AI V1 · Somnus Index™.

An F-reorganization (IRC §368(a)(1)(F)) to a destination jurisdiction is planned pre-Series A and is investor-contingent; the destination is open. The HoldCo + two-subsidiary structure (Somnus Medical Devices, Inc. + Somnus Digital Health, Inc.) is a Phase-2, pre-Series A event.

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06 · Advisors

The room we've built around this

  • John R. McDonaldShareholder · Chair, Startups & VC · Godfrey & Kahn, S.C.
  • Amy SalmelaPartner · U.S. Patent Attorney · EIP
  • Jeffrey K. ShapiroPartner · FDA & Life Sciences · King & Spalding LLP
  • Agustin J. Arrieta, MDOtolaryngology / Sleep Medicine · Clinical advisor & HYPNARA™ candidate-evaluation reference.
  • Mike KremkauStrategic Advisor · Industry veteran.
Matthew Cronin · Founder & CEO
mcronin@somnustech.ai
Book 10 minutes with me

"On any full clinic day, I see three to five patients presenting with snoring concerns — sometimes more. The demand for a single-procedure palatal solution is steady and underserved by today's options." — Agustin J. Arrieta, MD

HYPNARA™ and MORPHEX™AI are not yet FDA cleared or approved and are not yet available for sale or commercial distribution. Somnus Sleep™ and the BSA™ acoustic engine are intended to operate within the FDA General Wellness Policy and are not diagnostic devices. The Somnus Index™ and the AI/ML decision layer support clinical decision-making by licensed clinicians; they do not make diagnoses or treatment decisions independently. Confidential; not an offer to sell or a solicitation to buy any security.

Website by Lavahopper AI

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