Helius raises $9.5m to enhance Solana developer platform
Helius is set to revolutionize the developer experience on the Solana blockchain with a $9.5 million injection of funds. The platform’s primary focus is on developing tools for Solana, and its plans include the creation of webhooks and remote procedure controls to facilitate seamless communication between applications and blockchain nodes.
Mert Mumtaz, the CEO of Helius, has outlined the company’s ambitious goals for the near future. These include shipping generalized compression for Solana, improving RPCs, creating a new RPC client, and onboarding thousands of web2 developers and larger institutions onto the Solana platform.
To support these initiatives, Helius aims to expand its team by hiring four additional engineers, adding to its current roster of 14 full-time employees. Mumtaz emphasized the company’s strategic focus on team expansion and technological advancements.
In a significant development, Steve Vassallo from Foundation Capital is set to join Helius’ board of directors. This addition was disclosed by the Helius CEO in a conversation with Fortune, underlining the company’s commitment to bringing in experienced professionals.
The investment round was led by Foundation Capital, with substantial contributions from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, and notable individuals such as Balaji Srinivasan, Kyle Samani, and Solana Co-Founders Anatoly Yakovenko and Raj Gokal.
With this investment, Helius is poised to make significant strides in enhancing the developer experience on the Solana blockchain. The company’s dedication to team expansion, technological advancements, and partnerships with industry leaders is expected to propel it to new heights.
