Tether Leads $50 million funding round for AI sleep technology company Eight Sleep, valuing the company at $1.5 billion
Svmuu News: Stablecoin firm 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 raised $100 million in August of last year. Tether The company expressed optimism about the potential of health tech in the areas of “longevity, performance, and disease prevention” and will collaborate with Eight Sleep to develop AI-driven health tech products using its QVAC architecture and edge intelligence technology.QVAC is a privacy-focused health tech service launched by Tether last December that integrates biometric data from multiple devices—such as smart rings—into a single platform, using on-device AI to assist with data management and health insights.Eight Sleep plans to build an AI agent focused on sleep for its core product, the Pod, which automatically adjusts 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 using over 1 billion hours of sleep data, while simultaneously advancing its FDA application for sleep apnea detection.
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