Helium

Helium

Decentralized peer-to-peer wireless network for IoT

About Helium

Simplify's Rating
Why Helium is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Hardware

Consumer Software

Crypto & Web3

Company Size

51-200

Company Stage

Series D

Total Funding

$354.9M

Headquarters

San Francisco, California

Founded

2013

Overview

Helium creates a decentralized peer-to-peer wireless network specifically designed for Internet of Things (IoT) devices, such as smart collars and wildfire sensors. The network operates using a combination of radio technology, hardware, and blockchain, allowing IoT devices to communicate without the need for traditional cellular plans. Helium's unique approach offers businesses and developers a more affordable and efficient connectivity solution. Users can purchase and deploy IoT hotspots that contribute to the network, earning rewards in Helium's cryptocurrency, HNT, for their participation. This model not only incentivizes users to expand the network but also provides a reliable coverage area for IoT devices. Helium's goal is to transform the wireless communication landscape by providing a cost-effective alternative to existing cellular networks.

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Simplify's Take

What believers are saying

  • Integration with Web3 phones like Solana Mobile enhances network reach and user engagement.
  • Collaboration with SkyNet IoT opens new market opportunities in maritime sectors.
  • Telefónica's integration expands Helium's coverage in remote areas, enhancing network reliability.

What critics are saying

  • Emerging competition from Web3 phones like Solana Mobile could challenge Helium's market position.
  • BlockDAG's high ROI announcement may attract investors away from Helium's cryptocurrency.
  • SkyNet IoT's expansion may strain Helium's resources, leading to potential service disruptions.

What makes Helium unique

  • Helium uses a unique Proof-of-Coverage algorithm for validating wireless network coverage.
  • The platform incentivizes network expansion through cryptocurrency rewards for IoT hotspot operators.
  • Helium offers a decentralized alternative to traditional cellular plans for IoT connectivity.

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Funding

Total Funding

$354.9M

Above

Industry Average

Funded Over

6 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$200M
Helium

Benefits

100% company-paid health insurance premiums (medical, dental, and vision) for you and your dependents

Paid vacation and company holidays

Vacation stipend

Monthly gym stipend

Annual hardware stipend

Health FSA

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

-4%
CryptoSlate
Oct 13th, 2024
The Success Of Depin Is In All Of Our Pockets

The following is a guest post from J.D. Seraphine, Founder and CEO at Raiinmaker.In an era where technology advancements continuously reshape the landscape of our daily lives, mobile devices have emerged as an integral tool for driving connectivity. Growing hand in hand with this connectivity has been the public’s consciousness and concern for the security and privacy of their data, as well as their awareness of the suboptimally centralized nature of many of our legacy systems.Intriguingly, however, it is mobile devices, the source and driver of many of society’s privacy and security issues, that may hold the key to realizing a more decentralized and secure digital future via decentralized physical infrastructure networks (DePIN). Smartphones, with their omnipresence, advanced capabilities, and seamless connectivity, provide the perfect platform to support and expand decentralized infrastructure and distributed networks.Additionally, Web3 phones are now hitting the market in earnest – just this month, Solana Mobile garnered $70 million in preorders for its second blockchain smartphone, Seeker, which is set to launch in 2025. Among its features, Seeker includes an upgraded crypto wallet and new reward mechanisms that are specifically tailored toward unlocking the transformational potential of DePIN.DePIN as the Solution to the Crisis of CentralizationThe recent technical issue with CrowdStrike’s centralized software – which led to a global outage affecting numerous sectors – again highlighted the issues created by the centralization of much of the core systems that the modern world relies upon, and the urgent need to move away from monolithic entities, towards a more decentralized future.Projected to grow up to $3.5 trillion by 2028 – DePIN technology has emerged as one of the revolutionary advancements in the journey toward a more distributed world. DePIN projects seek to replace the existing centralized model by creating peer-to-peer (P2P) networks where individuals can contribute and own shared control over the network, ​​promoting active community participation, and giving users decision making authority

Securities.io
Aug 21st, 2024
Top 10 Iot Blockchain Projects That Have The Potential To Shake Up The Market

The Internet of Things (IoT) promises to usher in a new age of trackability and machine economics. This technology continues to expand and is finding integration into systems across multiple industries. The integration of blockchain networks and IoT systems creates a new level of interoperability and responsiveness that was previously unimaginable.‘IoT' – The Internet of ThingsThe Internet of Things is the name given to the billions of smart devices located across the globe. To qualify as a smart device, the unit needs a sensor and internet connectivity. Today, there are IoT devices that can communicate info and value across networks in real-time.IoT BenefitsThere are lots of reasons why the IoT movement is on the rise. For one, these tiny systems are a crucial component of automation, they allow for real-time monitoring of machine processes and provide a viable alternative to human intervention in many cases

Outlook India
Jul 9th, 2024
Helium Secures Rs 4.52 Crore in Pre-Seed Funding Led by Merak Ventures

Helium secures Rs 4.52 crore in pre-seed funding led by Merak Ventures.

Techiexpert
Jul 9th, 2024
Helium Secures Pre-Seed Funding Led by Merak Ventures

Merak Ventures, a sector-agnostic early-stage venture capital (VC) firm, is excited to announce its fifth significant investment this year, leading aINR 4.52 Cr (~$550k) pre-seed funding round in Helium, an AI platform which bakes product and visitor intelligence into eCommerce websites to help them convert better.

Helium
Jul 1st, 2024
Network of Networks: Expanding Helium's Vision Beyond Wireless

Two years ago, Helium introduced Network of Networks as a platform for launching complementary, distinctive, decentralized networks.

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