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.jpg "Helius Raises $21.75 Million in Series B to Empower Solana Developers and Drive Web3 App Adoption")
Helius, a leading developer platform for building on the Solana blockchain, has secured $21.75 million in Series B funding, bringing its total capital raised to $31.3 million. This latest round was led by prominent venture capital firms Haun Ventures and Founders Fund, with significant participation from 6MV, Foundation Capital, Chapter One, and Spearhead. This investment underscores the growing confidence in Helius' mission to simplify Solana development and unlock the potential of Web3 applications.
Addressing Solana's Development Challenges
While Solana is renowned for its high speed and low transaction fees, it has historically presented a steep learning curve for developers. Helius tackles these challenges head-on by providing a comprehensive suite of tools and services that streamline the development process, making Solana more accessible to a wider range of developers.
Helius CEO Mert Mumtaz emphasized the importance of this mission, stating, "There's nothing more important for the future of crypto than enabling better, faster, and cheaper apps. With this raise, we have all the horsepower to make it happen."
Key features and benefits of the Helius platform include:
- High-Performance RPC Nodes: Ensuring reliable and fast connections to the Solana blockchain.
- Simplified APIs: Providing easy-to-use interfaces for interacting with Solana's features.
- Webhooks and Geyser Plugins: Enabling real-time data streaming and event-driven applications.
- ZK Compression Tool: Developed in partnership with Light Protocol, this tool reduces data storage costs and enhances efficiency.
A Track Record of Success and Industry Recognition
Helius' impact extends beyond its developer tools. The company also operates the largest validator on the Solana network by active stake, currently powering 3.41% of the ecosystem with 0% fees. This impressive feat surpasses validators run by industry giants like Galaxy Digital, Coinbase, and Figment, further solidifying Helius' position as a key player in the Solana ecosystem.
Breck Stodghill, Partner at Haun Ventures, highlighted Helius' importance, stating, "Over the last couple years we’ve met with many of the most ambitious builders on Solana and found that most relied on Helius to support critical parts of their application."
Fueling the Next Generation of Web3 Applications
This latest funding round will enable Helius to:
- Expand its developer services and introduce new tools.
- Grow its team and attract top talent in the blockchain space.
- Further invest in research and development to remain at the forefront of blockchain innovation.
By empowering developers to build better and more accessible Web3 applications, Helius is playing a critical role in driving the mainstream adoption of blockchain technology. As the Web3 landscape continues to evolve, Helius is well-positioned to be a driving force in its growth and success.
Compiled by CMO Intern team
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