Helium (CRYPTO: HNT), a blockchain based internet provider, has garnered serious attention in recent months. As a part of the latest round of funding, Helium raised $200 million and was valued at more than $1 billion. Google's venture capitalist branch, GV, invested in Helium a few years back during previous rounds of fundraising. Now, more well known venture capitalist groups have joined. This latest fundraising session raised four times more money than all previous rounds combined. This is exactly the type of growth investors should be looking for.
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The company's resourceful and creative business model aims to meet the rising demand for dependable 5G internet to support what is known as the Internet of Things (IoT). As devices continue to connect to the internet, a far-reaching and reliable network will be needed. New cars, smart home appliances, and other state-of-the-art technologies all require 5G with high bandwidth.
Source Fool.com