PRESS RELEASE:
GV Leads Investment Round that includes Khosla Ventures, FirstMark Capital, and Munich RE/HSB Ventures
SAN FRANCISCO–(BUSINESS WIRE)–April 25, 2016–
Helium, a San Francisco-based Internet of Things (IoT) company that helps you make sense of your things, today announced it has closed its Series B funding round of $20 million led by GV (formerly Google Ventures), with participation from Khosla Ventures, FirstMark and Munich RE/Hartford Steam Boiler Ventures. GV General Partner Andy Wheeler will also join Helium’s Board of Directors.
“We see significant market potential for IoT in the commercial and industrial world, monitoring things like freezers for cold chain compliance, heavy equipment for preventative maintenance, and air quality inside factories,” said GV’s Andy Wheeler. “The Helium team has solved many of the issues that have tripped up previous industry attempts at building an IoT platform. The Helium platform has impressive technical architecture, and is easy to manage from both the edge and the cloud.”
Founded in 2013, Helium applications are currently in trials with various customers in the healthcare, food and beverage, transportation and grocery industries, including restaurant chains and several of the country’s top hospitals. The company also announced today a new environmental smart sensor-Helium Green™-that monitors temperature, humidity, barometric pressure, light and motion. Additionally, Helium announced the launch of the Helium Pulse™ application for web and mobile, which enables remote monitoring and alerting so that companies can control Helium smart sensors, program powerful alert parameters, and create business value based on those insights quickly and easily.
“Helium’s unique software-centric approach to smart sensing has proven to be incredibly valuable in bringing solutions to enterprise customers quickly and flexibly,” said Amir Haleem, CEO & Founder, Helium. “Today’s series B funding announcement, coupled with our amazing progress and product roadmap, positions us to transform multiple industries by introducing the Helium IoT platform at scale.”
The company originally announced its Series A funding in October 2014-a $16 million dollar investment led by Khosla Ventures with participation from FirstMark Capital, Digital Garage, Marc Benioff, SV Angel and Slow Ventures, among others.
About Helium Inc.
With Helium, companies monitor and learn from physical things in their environment, giving these things the power of perception. Only Helium’s smart sensors are deployable in minutes and built for the most demanding enterprise requirements. Helium Pulse provides centralized monitoring and alerting of Helium smart sensors. Helium investors include GV, Khosla Ventures, FirstMark Capital and Munich RE/HSB Ventures. Helium is based in San Francisco. For more information please visit www.helium.com or follow us on Twitter @helium.
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Helium Inc.
Heath Meyer, 858-768-1527
press@helium.com