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 while earning Helium's cryptocurrency, HNT, as a reward. 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 a community-driven model. The goal of Helium is to expand its network infrastructure, making it easier and more affordable for IoT devices to connect and communicate.

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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.
  • Integration of blockchain with IoT enhances Helium's network capabilities and interoperability.
  • Projected growth of DePIN technology aligns with Helium's decentralized business model.

What critics are saying

  • Increased competition from emerging IoT blockchain projects like BlockDAG.
  • Potential market saturation in the IoT sector could reduce Helium's market share.
  • SEC's previous suit may affect investor confidence and lead to regulatory challenges.

What makes Helium unique

  • Helium uses a unique Proof-of-Coverage algorithm for validating wireless coverage.
  • The company offers a decentralized network alternative to 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

0%
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.

Ezmart
Apr 10th, 2025
SEC drops suit against Helium for alleged securities violations

SEC drops suit against Helium for alleged securities violations.

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

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