Tether Leads $50 Million Funding Round for AI Sleep Tech Company Eight Sleep, Valuing It at $1.5 Billion

Odaily News 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 primarily operates in the sleep health product space, covering bedding and supplements. The company had 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." It will collaborate with Eight Sleep to develop AI-driven health tech products utilizing its QVAC architecture and edge intelligence technology. QVAC is a privacy-focused health tech service launched by Tether in December last year. It can integrate biometric health data from multiple devices, such as smart rings, into a single platform and assist with data management and health insights through on-device local AI.

Eight Sleep plans to develop an AI agent focused on sleep for its core product, the Pod. This product 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 simultaneously advancing FDA submissions for sleep apnea detection.