Details

Last Funding Type

Series D

Last Funding Money Raised

$200M

Industries

Blockchain,Cryptocurrency,Internet of Things,Telecommunications,Wireless

Founded date

Jul 1, 2013

Number Of Employee

101 - 250

Operating Status

Active

Legal Name

Helium Systems Inc.

Also Known As

The People's Network, LongFi

Helium is an Internet-of-Things developer platform for building the network and transferring IoT device data. The platform building the peer-to-peer wireless network to simplify connecting anything to the internet by rewarding anyone to become a network operator. It provides wireless coverage for low power Internet of Things (IoT) devices and earns a new cryptocurrency, Helium, from your living room.

Helium tokens by verifying network transactions, adding new blocks to the blockchain, and performing other tasks. The Proof-of-Coverage is a unique work algorithm that uses radio waves to validate Hotspots are providing legitimate wireless coverage.