Tools for Humanity, co-founded by Sam Altman and Alex Blania in 2019, generates $71.6 million in annual revenue according to estimates by Compworth.
The company, headquartered in Germany, focuses on developing blockchain and biometric identity verification solutions.
Despite its notable revenue, Tools for Humanity announced layoffs to align with new strategic priorities. Its flagship product, the Orb, uses iris-scanning technology to verify human identities for its cryptocurrency, Worldcoin.
The company, which has raised funding across three rounds and is valued at $2.5 billion, emphasizes privacy and quantum-secure cryptographic measures in handling biometric data.