Blockchain startup Helium has raised $200 million to develop Internet of Things
The company’s valuation rose to $1,2 billion at the end of the round
21.02.2022 - 09:30
148
1 min
0
What’s new? The Axios news portal has reported the successful completion of another funding round for the Helium project. The blockchain startup managed to raise $200 million from major investors and venture capital funds following the Series D round.
News source on the Axios website
Who participated? According to Axios, the company was backed by Tiger Global, Khosla Ventures, GV, Multicoin Capital, Munich Re Ventures, FTX Ventures, and FirstMark Capital. The investors believe that Helium can become a springboard to the sustainable development of Web 3.0.
What will the funds be used for? The Helium team works on decentralized telecommunications technologies and solutions for the Internet of Things (IoT). The startup is developing a network of more than half a million hotspots that provides work and connectivity for nearby IoT devices. In this, the owners of the hotspots receive HNT tokens as a reward for supporting a decentralized network.
Useful material?
Telegram 
Twitter Market
Analysts note that from 2024 to 2030, tokens worth $155 billion will be unlocked
May 17, 2024
Technologies
The new mechanism has already made it possible to calculate over tens of millions of fraudulent addresses
May 16, 2024
Incidents
The amount of damage amounted to $25 million in cryptocurrencies
May 16, 2024
Market
FTX customers will be compensated in cash, unlike Mt. Gox and Gemini customers who will receive cryptocurrencies
May 16, 2024
Technologies
It is available to crypto wallet users worldwide as an additional feature
May 15, 2024
Market
The ex-official known for his initiatives to explore the potential of blockchain in the financial system has joined the board of directors of a fintech company
May 14, 2024
Cryptocurrency rates
-
Bitcoin
$66 767
BTC
-0.42%
-
Ethereum
$3 072.37
ETH
-1.47%
-
BNB Smart Chain
$578.41
BSC
+0.22%
-
Ripple
$0.513093
XRP
-1.59%
-
Dogecoin
$0.14942
DOGE
-2.63%
-
Cardano
$0.470372
ADA
-1.82%
-
Polkadot
$6.98
DOT
-2.02%
-
Bitcoin Cash
$483.5
BCH
+1.09%
-
Litecoin
$82.41
LTC
-1.71%
-
Stellar XLM
$0.106087
XLM
-1.56%