Helius Raises $9.5 Million to Elevate Solana Developer Platform

Helius Raises $9.5 Million to Elevate Solana Developer Platform

Helius, a platform dedicated to advancing tools for the Solana blockchain, has secured $9.5 million in funding to bolster its efforts in enhancing the developer experience within the Solana ecosystem.

The investment infusion will enable Helius to expand its team and refine its technological infrastructure, with a focus on augmenting its tech stack and fostering seamless communication between applications and Solana blockchain nodes through the implementation of webhooks and remote procedure controls.

Mert Mumtaz, CEO of Helius, articulated the company’s ambitious roadmap, which includes the deployment of generalized compression for Solana, enhancements to remote procedure calls (RPCs), development of a new RPC client, and the onboarding of a multitude of web2 developers and institutional players onto the Solana platform.

With the backing of the new funding, Helius plans to strategically expand its team by hiring four additional engineers, reinforcing its existing cohort of 14 full-time employees. Mumtaz emphasized the company’s dedication to team growth and technological advancement as pivotal components of its mission.

Furthermore, Helius announced the appointment of Steve Vassallo from Foundation Capital to its board of directors, marking a significant milestone in the company’s journey. Foundation Capital led the investment round, with notable participation from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, and prominent individuals such as Balaji Srinivasan, Kyle Samani, and Solana Co-Founders Anatoly Yakovenko and Raj Gokal.

The infusion of capital and expertise positions Helius to further accelerate its contributions to the Solana ecosystem, driving innovation and facilitating broader adoption among developers and institutions alike.

Powered by Crypto Expert BD

Follow us on Twitter: https://x.com/CryptoExpert_BD

Join our Telegram channel: https://t.me/CryptoExpert_BD


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *