Alameda Research helped the wireless communications technology provider, backed by Alphabet and Munich Re, raise funding to further expand its decentralised 5G network.
Helium, a US-based provider of peer-to-peer wireless communications technology, has secured $111m in a funding round featuring quantitative trading firm Alameda Research.
Venture capital firm Andreessen Horowitz led the round, which also included Ribbit Capital, 10T Holdings and crypto-focused fund Multicoin Capital.
Founded in 2013, Helium offers a decentralised peer-to-peer wireless network powered by blockchain and monetised by cryptocurrency.
The network uses two units of exchange: data credits and HNT, a new cryptocurrency earned when hotspots validate wireless coverage and…
