Eight Sleep, a sleep technology firm valued at over $1.5 billion, has received a $50 million investment from Tether, the company behind the largest stablecoin in the world, USDT.
Eight Sleep creates cutting-edge mattress systems with sensors that track bodily signals including body temperature and heart rate as well as sleep patterns. Its flagship device, the Pod, offers customised sleep insights and automatically modifies bedding temperature.
With Tether’s QVAC computing architecture, which analyses data directly on devices rather than just on cloud servers, the new funding will assist the company in developing AI-driven health features.
According to Paolo Ardoino, CEO of Tether, the company thinks cutting-edge AI will help people better understand and manage their health.
The investment is a component of Tether’s larger plan to go beyond stablecoins. The company has been investing in industries like artificial intelligence, energy, payments, and health technology, and has reported more than $10 billion in net income through 2025.
Additionally, Tether recently introduced QVAC Health, a platform that gathers user-controlled, encrypted personal health data from wearables and other devices.
The action demonstrates how big cryptocurrency firms are expanding into new technological fields.
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