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Helium
Crypto-powered wireless network
- 101-200 employees
- B2B
- Cryptocurrency
- Internet of Things
- SoMa, San Francisco, CA
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Company mission
To allow anyone to build out massive, cost-effective wireless infrastructures.
Our take
Helium is a 5G decentralized long-range network for internet of things devices. Their long-range capabilities allows devices to send data as a cheaper alternative to a traditional cellular plan. The company’s network has over 668,000 LozrA hotspots across over 21,000 cities in North America, Europe and Asia.
Helium is partnered with Dish Network, which was the first subscription-based TV provider to accept crypto-currency. Customers that install their own 5G Hotspot also earn rewards in the form of Helium’s network-based token, HNT, which can then be exchanged for cash.
The company has raised substantial funding, led by Tiger Global Management and Andreessen Horowitz. Monthly revenues for the company have been relatively low, as the network struggles to prove the viability of its token-based model. Helium is focusing on building up their infrastructure and developing applications to increase the number of compatible devices, allowing them to switch to Helium.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 6 rounds)
Feb 2022
$200m
SERIES D
Aug 2021
$111m
LATE VC
Total funding: $364.8m
This company has top investors
Leadership
Amir Haleem
(CEO)Co-founder & previous CTO at Diversion Inc. They were also a founding Employee and director at Global Gaming League.