Overview

Helium creates a decentralized wireless network designed specifically for Internet of Things (IoT) devices, such as smart collars and sensors. Their network operates on a peer-to-peer model, allowing devices to communicate without relying on traditional cellular plans. Users can purchase and set up IoT hotspots that contribute to the network's coverage, earning rewards in Helium's cryptocurrency, HNT, for their participation. This approach not only reduces costs for businesses and developers needing reliable connectivity for their IoT devices but also differentiates Helium from competitors by leveraging blockchain technology and incentivizing users to expand the network. The goal of Helium is to provide an efficient and cost-effective alternative for IoT connectivity, facilitating the growth of interconnected devices.

Simplify's Take

What believers are saying

• Partnership with AT&T expands Helium's decentralized Wi-Fi access across the US.
• Launch of Helium Mobile for 5G connections opens new revenue streams in mobile services.
• Growing public concern for data privacy boosts interest in Helium's decentralized network.

What critics are saying

• Increased competition from new blockchain-based IoT networks may dilute Helium's market share.
• Expansion into mobile services may face regulatory challenges and telecom competition.
• Dependency on AT&T partnership could affect Helium's operational flexibility.

What makes Helium unique

• Helium uses a unique Proof-of-Coverage algorithm for validating wireless network coverage.
• The company offers a decentralized network, reducing reliance on traditional cellular plans.
• Helium incentivizes network expansion through cryptocurrency rewards for hotspot operators.

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Funding

Total Funding

$364.8M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Tiger GlobalAndreessen HorowitzSV Angel

Notable Investors:

Tiger GlobalAndreessen HorowitzSV Angel

$200,000,000

Series D

Feb 2022

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

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$200M

View all funding stages