Helius Raises $9.5M Series A Funding to Boost Solana-Based App Creation
Solana infrastructure startup Helius has successfully raised $9.5 million in a Series A funding round, with Foundation Capital leading the investment. Other notable investors include Reciprocal Ventures, Chapter One, Balaji Srinivasan, Anatoly Yakovenko, and Kyle Samani. The funding will be used to expand the technical team and enhance the technical infrastructure of Helius. The founders aim to provide developers with simple and useful infrastructure and applications to build decentralized applications on Solana. By tackling the complexities of Solana’s scale, Helius empowers developers to focus on improving user experience without worrying about intricate blockchain integrations. This funding round reflects growing confidence in Web3 technology.
Funding To Be Used For Technical Team Expansion
Helius plans to use its latest funding to recruit low-level systems and backend engineers and enhance its technical infrastructure. The goal is to make it as simple as possible for developers to build apps that are cheap, fast, and scalable. Helius’ founders hope to see developers building apps in various areas such as DeFi, NFTs, decentralized physical infrastructure network (DePIN), governance, payments, wallets, and data.
Helius’ Series A Reflects Growing Confidence in Web3 Tech
Since its inception, Helius has supported platforms like Shopify, Discord, and Helium in the Solana ecosystem. The company provides an out-of-the-box solution for companies looking to build on the blockchain without dedicating significant time and resources to setting up the infrastructure themselves. The Series A funding round comes at a time when venture capital enthusiasm in Web3 funding is on the rise. This signals a positive change in market conditions for crypto founders who have endured the challenges of the recent “crypto winter.”
Hot Take: Helius Empowers Developers to Build Solana-Based Apps with Ease
The successful Series A funding round for Helius demonstrates the growing confidence in Web3 technology and the demand for simplified infrastructure and applications for developers. With its set of robust tools, Helius empowers developers to efficiently build applications on Solana without worrying about complex blockchain integrations. By focusing on user experience and eliminating developer-facing challenges, Helius aims to unlock the tremendous upside of Solana. The funding will further support the expansion of the technical team and enhance the technical infrastructure, enabling developers to create cheap, fast, and scalable apps in various areas such as DeFi, NFTs, DePIN, governance, payments, wallets, and data. This is an exciting development for crypto enthusiasts looking to participate in the Solana ecosystem.
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