Meanwhile operates as a digital life insurer regulated by the Bermuda Monetary Authority

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The investment follows on an earlier, $20 million round from a range of investors including Sam Altman, CEO of artificial intelligence firm OpenAI, alongside Google's AI-focused fund Gradient Ventures. The company secured a digital life insurer license in Bermuda last year.

Regulated by the Bermuda Monetary Authority, Meanwhile offers a whole life insurance policy denominated in Bitcoin, giving policyholders the ability to safeguard the value of their life insurance against currency debasement.