Helius Raises $9.5 Million to Enhance Developer Experience on Solana Blockchain
Helius, a platform dedicated to developing tools for the Solana blockchain, has secured $9.5 million in funding to support its mission of improving the developer experience on the network. With this investment, Helius plans to expand its team and enhance its tech stack.
Achieving Seamless Communication and Interaction
The company aims to create webhooks and remote procedure controls that enable seamless communication between applications and interaction with blockchain nodes on Solana.
Ambitious Goals for the Future
Helius CEO Mert Mumtaz has outlined the company’s ambitious goals, which include:
- Shipping generalized compression for Solana
- Improving remote procedure controls (RPCs)
- Creating a new RPC client
- Onboarding thousands of web2 developers and larger institutions onto the Solana platform
Expanding the Team and Strengthening Leadership
The funding will allow Helius to hire four additional engineers, expanding its current team of 14 full-time employees. Steve Vassallo from Foundation Capital will also join Helius’ board of directors.
Investors Backing Helius’ Vision
The investment round was led by Foundation Capital, with contributions from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, as well as notable individuals including Balaji Srinivasan, Kyle Samani, and Solana Co-Founders Anatoly Yakovenko and Raj Gokal.
Hot Take: Helius Empowers Solana Developers with Funding Boost
With a $9.5 million funding injection, Helius is set to enhance the developer experience on the Solana blockchain. By expanding its team and improving its tech stack, Helius aims to facilitate seamless communication and interaction between applications and blockchain nodes on Solana. The company’s ambitious goals include shipping generalized compression for Solana, improving remote procedure controls, and onboarding numerous web2 developers and institutions onto the platform. With backing from prominent investors and the addition of Steve Vassallo from Foundation Capital to its board of directors, Helius is poised to make significant strides in advancing Solana’s developer ecosystem.
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