Stablecoin issuer Tether has led a $50 million strategic investment round in sleep technology startup Eight Sleep, valuing the company at $1.5 billion.
The funding aims to help Eight Sleep expand artificial intelligence capabilities across its sleep health products while partnering with Tether to integrate AI-driven health technology.
“Technologies that can turn continuous health data into clear, practical insights will shape the future of consumer health and wellness,”
Tether said.
Tether said the collaboration will combine Eight Sleep’s sleep monitoring technology with its QVAC architecture, a privacy-focused system designed to process health data locally using on-device artificial intelligence.
Eight Sleep plans to develop a sleep-focused AI agent that will enhance its Pod product, which automatically adjusts bed temperature, elevation and sound based on biometric indicators such as heart rate, breathing and sleep stages.
The company said the AI agent is being trained on more than one billion hours of sleep data while it also advances regulatory filings for sleep apnea detection.
Tether has increasingly expanded beyond cryptocurrency investments in recent years, backing projects across sectors including artificial intelligence, biotechnology, gold and media.