Odaily Planet Daily reports that stablecoin company Tether 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 confidence in the potential of health technology in longevity, performance, and disease prevention. The company 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 in December last year, which integrates biosignal data from multiple devices like smart rings into a single platform and uses local device AI to assist with data management and health insights.
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