Helium Raises $111M in Funding


Helium Inc., a San Francisco, CA-based decentralized wireless network, raised $111m in funding.

The round was led by Andreessen Horowitz with additional participation from Ribbit Capital, 10T Holdings, Alameda Research, and Multicoin Capital.

The company intends to use the funds to accelerate the rollout of its decentralized 5G network and support mobile network operators (MNOs) and mobile virtual network operators (MVNOs) as they leverage Helium 5G to expand their coverage.

Co-founded by former video game entrepreneur Amir Haleem and Napster founder Shawn Fanning, Helium is building a peer-to-peer wireless network to simplify connecting devices to the Internet by rewarding anyone to become a network operator.

The Network is live in more than 11,000 cities globally and used to support asset tracking, air and water quality monitoring, and smart infrastructure by partners including Abeeway, Airly, Agulus, Careband, Conserv, Digital Matter, Invoxia, LoneStar, NexMachina, Nobel Systems, NOWi, Barnacle, Victor®, and Southern Connecticut University.