Helium is a developer platform focused on building a network for transferring IoT device data. It creates a peer-to-peer wireless network, simplifying device connection to the internet by incentivizing individuals to act as network operators. With a focus on providing wireless coverage for low-power IoT devices, Helium allows users to earn its proprietary cryptocurrency from their homes.
This is achieved through verifying network transactions, adding new blocks to the blockchain, and carrying out other network-related tasks. The Proof-of-Coverage algorithm is a unique protocol utilizing radio waves to validate that hotspots genuinely offer wireless coverage.
Founded in 2013, Helium operates within the Blockchain, Crypto, IT, IoT, and Telecom industries. In its most recent funding round, it secured a $200.00M Series D investment on 19 February 2022. Notable investors in this round include Pantera Capital, GV, Khosla Ventures, Multicoin Capital, Ribbit Capital, NGP Capital, Tiger Global Management, SevenSevenSix, Munich Re Ventures, and Liberty Global.
