Sam Altman's World raises $135M from Andreessen, Bain, to expand network
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The digital identification project faces regulatory headwinds in the form of bans and legal scrutiny in several countries.
Update (May 23 at 10:57 pm UTC): This article has been updated to clarify information regarding World's operations in Brazil and Indonesia and to include comments from the company.
World, OpenAI CEO Sam Altman’s digital identification project, raised $135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company said in an announcement.
The capital will be used to expand World's network of iris-scanning orbs and infrastructure in the United States, where the company said in April it would operate in six cities, and increase coverage around the globe, according to the announcement.
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