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 Differentiation

Industries

Hardware

Consumer Software

Crypto & Web3

Company Size

51-200

Company Stage

Series D

Total Funding

$364.8M

Headquarters

San Francisco, California

Founded

2013

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.

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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

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

0%

1 year growth

0%

2 year growth

-2%
The Coin Rise
May 18th, 2025
Binance Once Too Looked Risky but Qubetics Now Ranks Among Top Cryptos for Significant Returns

Helium (HNT) launched its ICO in 2019, initially priced at approximately $0.27.

ECOOPEX
May 14th, 2025
5 Utility Blockchain Tokens Revolutionizing Telecom in 2025

With the launch of Helium Mobile, which is aimed at providing 5G connections, Helium has recently expanded its operations into the mobile service industry.

Alertify
Apr 24th, 2025
AT&T and Helium Network to Partner for Roaming Wi-Fi Access

Helium introduced "Carrier Toolkit"

CoinCentral
Apr 24th, 2025
AT&T Integrates with Helium to Expand Decentralized Wi-Fi Access

Helium has also raised substantial funding since its founding in 2013, including a $111 million token sale led by Andreessen Horowitz and a $200 million Series D round.

Crypto Mining U
Apr 24th, 2025
Helium partners with AT&T to bring WiFi to thousands of US locations

The telecommunications decentralized physical infrastructure network (DePIN) project, Helium, partnered with US telcom giant AT&T to bring WiFi to its users.

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