【Tether Leads $50 Million Funding Round for AI Sleep Tech Company Eight Sleep, Valuation at $1.5 Billion】

ChainCatcher reports that stablecoin company Tether has led a $50 million strategic funding round for sleep technology startup Eight Sleep, valuing the company at $1.5 billion. Eight Sleep specializes in sleep health products, including bedding and supplements, and previously completed a $100 million funding round in August last year. Tether expressed optimism about the potential of health technology in “longevity, performance, and disease prevention,” and will collaborate with Eight Sleep to develop AI-driven health tech products utilizing its QVAC architecture and edge intelligence technology. QVAC, launched by Tether in December last year, is a privacy-focused health tech service that consolidates biometric health data from multiple devices like smart rings into a single platform, and employs local device AI to assist with data management and health insights. Eight Sleep plans to develop an AI agent focused on sleep for its core product Pod, which can automatically adjust bed temperature, height, and sound based on data such as heart rate, breathing, and snoring. Eight Sleep founder Franceschetti stated that the company is training a predictive AI agent based on over 1 billion hours of sleep data and is also advancing FDA submission for sleep apnea detection.