Blockchain Network for the IoT

Helium Inc referred to simply as “Helium” is a company established in 2013 by Sean Carey, Amir Haleem and Shawn Fanning. Fanning developed Napster in 1999 as the first peer-to-peer sharing platform. The Helium mission is revolutionary, the company having pioneered The Peoples Network whereby the IoT, (Internet of Things), uses Hotspots to pickup LongFi signals from a myriad of networked IoT chips. The signals detected by the Hotspots are then processed by the Helium Blockchain. Hotspot operators are rewarded in cryptocurrency HNT for providing a network hub or hubs. As legacy business models struggle for relevance, the Blockchain and peer-to-peer networks grow abundantly, Čzequity Capital has invested in network Hotspots and is establishing a European centric network. 

Interestingly, the opinion of Čzequity Capital in respect to the IoT is one of caution, we find it a creepy new world where people and objects can be tracked like inventory, nevertheless, we see the IoT as an ultra-high-growth sector, thus we consider Helium as an outstandingly high potential investment. 

Hubspots have a coverage footprint of around 10 miles yet use a very low amount of electricity, thus mining the HNT coin is passive and not energy intensive. Whereas the 90’s was about the growth and emergence of mobile telecommunications networks, in fast changing Blockchain world, networks are far beyond data, they are smart contract Blockchains creating data credits and in turn cryptocurrency such as HNT. Big names seem to back this belief to; 

Helium Inc, Funding 

Seed round: $2,800,000   Nov 2013

Series A: $16,000,000   Dec 2014

Series B: $20,000,000   Apr 2016

Series C: $15,000,000   Jun 2019

Having received more than $53 million in seed and series funding rounds, Helium, based in San Francisco has a prominent-backers, including GV, (formerly Google Ventures), Union Square Ventures, Multicoin Capital Mark Benioff, SV Angel, FirstMark, Khosla Ventures and other VC backers.