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§ Private Profile · San Francisco, CA, USA
Self-improving software engineering and design company developing solutions that enhance themselves over time, based in San Francisco, CA.
Helium has raised $377.5M across 9 funding rounds.
Key people at Helium.
Helium was founded in 2024 by Shishir Jakati (Founder) and Zach Witzel (Founder) and Anish Doshi (Founder).
Helium has raised $377.5M in total across 9 funding rounds.
Helium is a San Francisco, CA-based company that develops self-improving software designed to enhance itself over time. The organization focuses on pioneering innovative solutions within software engineering and design, aiming to create systems that autonomously evolve and optimize their performance. Operating across the technology, information and internet, custom software, and technical consulting sectors, Helium seeks to drive significant advancements in how software is developed and maintained. The company currently maintains a lean team of 4 employees, with recent recruitment efforts targeting additional design and engineering talent to scale its capabilities. While specific product details and its business model are not publicly disclosed, Helium's core mission centers on pushing the boundaries of software autonomy and efficiency. The company was established in 2024 by co-founders Anish Doshi, Shishir Jakati, and Zach Witzel.
Key people at Helium.
Helium is a decentralized wireless network platform that leverages blockchain technology to enable anyone to build and own wireless infrastructure, primarily targeting Internet of Things (IoT) devices and expanding into cellular connectivity. It operates two main networks: Helium IoT, which provides long-range, low-power connectivity for machines and sensors using LoRaWAN technology, and Helium Mobile, a scalable cellular network for neighborhoods and businesses. Participants deploy Helium Hotspots—wireless devices that act as both network access points and blockchain miners—to provide coverage and earn Helium Network Tokens (HNT) as rewards. This model significantly reduces the cost and complexity of building wireless infrastructure compared to traditional telecom models, accelerating network expansion globally[1][5][6].
For an investment firm, Helium represents a mission-driven platform focused on decentralizing wireless infrastructure through blockchain incentives, with an investment philosophy centered on enabling scalable, community-driven network growth. Its key sectors include blockchain technology, IoT connectivity, and decentralized telecommunications. Helium’s impact on the startup ecosystem is notable for pioneering a novel incentive model that empowers individuals and small businesses to participate in network infrastructure development, fostering innovation in decentralized wireless solutions[1][6].
For a portfolio company, Helium builds a blockchain-powered wireless network product that serves IoT device operators, enterprises, and mobile users. It solves the problem of expensive, centralized wireless infrastructure by enabling decentralized network deployment and incentivizing participation through HNT rewards. The company has demonstrated strong growth momentum by expanding its network coverage globally, migrating its blockchain to Solana for scalability, and evolving its tokenomics to simplify rewards and enhance network utility[5][6].
Helium was launched in July 2019 as an open-source blockchain network designed to create decentralized wireless infrastructure. The founding team included individuals with backgrounds in wireless technology and blockchain, aiming to solve the high cost and slow rollout of traditional wireless networks by incentivizing community participation. Early traction came from the deployment of Helium Hotspots by enthusiasts and businesses, which validated the Proof of Coverage consensus mechanism and demonstrated the viability of a decentralized wireless network. Over time, Helium evolved from focusing solely on IoT connectivity to also developing Helium Mobile, expanding its scope to cellular networks[1][5].
Helium rides the trend of decentralization and blockchain integration into telecommunications, addressing the growing demand for IoT connectivity and affordable wireless infrastructure. The timing is critical as IoT adoption accelerates globally, and traditional cellular networks face scalability and cost challenges. Market forces favor decentralized models that reduce infrastructure costs and empower local participants. Helium influences the broader ecosystem by demonstrating a viable economic model for decentralized wireless networks, inspiring similar projects and pushing innovation in blockchain consensus mechanisms tailored for physical network validation[1][3][5].
Helium’s future likely involves further expansion of its Helium Mobile network, deeper integration with IoT ecosystems, and continued enhancement of its blockchain infrastructure to support more devices and use cases. Trends such as the proliferation of smart cities, autonomous devices, and edge computing will shape its journey. Its influence may evolve from a niche IoT network to a foundational decentralized wireless infrastructure provider, potentially disrupting traditional telecom models and enabling new business models in connectivity. The consolidation of its tokenomics around HNT and migration to Solana position Helium well for scalable growth and innovation, making it a compelling player in the intersection of blockchain and wireless technology[5][6].
Helium was founded in 2024 by Shishir Jakati (Founder) and Zach Witzel (Founder) and Anish Doshi (Founder).
Helium has raised $377.5M in total across 9 funding rounds.
Helium's investors include Alt Capital, Bam Ventures, First Round Capital, Jett Fein, Left Lane Capital, Lerer Hippeau, Volition Capital, Jared Sleeper, Kevin Weil, Merak Ventures, Ashish Taneja, Andreessen Horowitz.
Helium has raised $377.5M across 9 funding rounds. Most recently, it raised $2.0M Seed in January 2025.
