Helium Inc.
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Helium Inc. - overview
Established
2013
Location
San Francisco, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 2013 by Co-CEOs Shawn Fanning, Amir Haleem, CTO Chris Bruce, and Sean Carey. Helium Inc. offers a decentralized peer-to-peer wireless network that provides coverage for mining HNT (Helium's crypto). The company has raised venture capital funding from private equity investors, including Khosla Ventures, Union Square Ventures, and SV Angel.
In August 2021, Andreessen Horowitz led a USD 111 million venture financing for Helium Inc. The company's development team utilizes cloud computing to provide IoT (internet of things) smart sensors that monitor, analyze, and alert for conditions of interest such as temperature, moisture, barometric pressure, movement, and light. Helium's platform, powered by the Helium Blockchain, also offers a peer-to-peer wireless network that allows users to host a hotspot and earn rewards. The company generates revenue by partnering with various industries that are using the network, including the fleet-tracking company Invoxia and Southern Connecticut University.
Helium Inc. plans to use the August 2021 funding to accelerate its decentralized 5G network, as well as further support operators of mobile networks and mobile virtual networks to expand their coverage.
Current Investors
Khosla Ventures, FirstMark Capital, GV
Primary Industry
Software
Sub Industries
Computer & Related Peripherals, Monitoring & Security Software, Analytics & Performance Software
Website
www.helium.com
Verticals
Big Data, Blockchain, Cloud Computing, IoT (Internet of Things), Mobile Apps
Company Stage
Series D
Total Amount Raised
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