Crypto Startup Co-Founded by Sam Altman Raises $115 Million

A crypto startup co-founded by OpenAI Chief Executive Officer Sam Altman has raised new funding to further its mission of providing a digital ID for everyone on the planet.

Tools for Humanity, the company behind the cryptocurrency project Worldcoin, said Thursday that it had raised $115 million from investors. The startup aims to create separate IDs for every living person in part by scanning their eyes. The scanning device is a small orb that reads a user’s irises, creating unique digital identities based on blockchain.

Blockchain Capital led the Series C funding round, which also included Andreessen Horowitz’s crypto team, as well as Bain Capital Crypto and …