Crypto firm Tether (USDT) invests $50 million in sleep tech startup Eight Sleep
Tether invested $50 million in sleep technology startup Eight Sleep at a $1.5 billion valuation to develop new AI health features.Summary
Tether, the issuer of the $183 billion USDT stablecoin, has invested $50 million in sleep technology startup Eight Sleep, valuing the company at $1.5 billion. This investment is part of Tether's strategy to expand beyond cryptocurrency infrastructure into longevity and artificial intelligence. Eight Sleep, which creates sensor-equipped sleep systems like the 'Pod' that track biometrics and adjust mattress temperature, plans to use the funding to develop new AI health features utilizing Tether’s QVAC architecture. Tether CEO Paolo Ardoino stated that advanced personalized AI is key to expanding human potential. This move follows Tether's recent launch of QVAC Health, a platform for managing encrypted personal health data, signaling a continued channeling of its significant profits into venture investments across various sectors including health technology.
(Source：CoinDesk)