Solana Developer Platform Helius Raises $9.5 Million in Series A Funding
The Solana-focused developer platform, Helius, has secured $9.5 million in Series A funding. The round was led by venture firm Foundation Capital, with participation from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, Solana co-founders Anatoly Yakovenko and Raj Gokal, and others. Foundation General Partner Steve Vassallo will join Helius’ board of directors.
Helius specializes in building developer tools for Solana, including web hooks and remote procedure controls (RPCs). With the funding, the company plans to hire four additional engineers to its current team of 14 employees and strengthen its tech stack.
Helius aims to achieve several goals in the coming year, such as shipping generalized compression for Solana, improving RPCs on the chain, creating a new RPC client, and onboarding web2 developers and larger institutions onto Solana.
About the Author
MK Manoylov is a reporter for The Block since 2020. With a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP), MK has covered various crypto news topics for the publication. You can follow MK on X @MManoylov and on LinkedIn.
Hot Take: Helius’ Funding Boosts Development of Solana Tools
The recent $9.5 million Series A funding received by Helius is set to accelerate the development of essential tools for the Solana ecosystem. As a Solana-focused developer platform, Helius aims to enhance blockchain development through its web hooks and RPCs. The funding will not only enable Helius to expand its team but also strengthen its technological capabilities.
In the next year, Helius has ambitious plans, including shipping generalized compression for Solana, improving RPCs, and onboarding web2 developers and larger institutions onto the Solana network. With the support of Foundation Capital and other investors, Helius is well-positioned to drive innovation within the Solana ecosystem.
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