Helium launches $51M-funded LongFi IoT alternative to cellular

Along with 200X the range of Wi-Fi in 1/1000th of the cost of a cellular modem, Helium’ s “ LongFi” cellular network debuts today . Its transmitters can assist track stolen scooters, find lacking dogs via IoT collars plus collect data from infrastructure detectors. The catch is that Helium’ ersus tiny, extremely low-power, low-data tranny chips rely on connecting to P2P Helium Hotspots people can now purchase for $495 . Operating those hotspots makes owners a cryptocurrency token Helium promises will be valuable in the future… The potential for a new wireless standard has allowed Helium to raise $51 million over the past few years from GV, Khosla Ventures plus Marc Benioff, including a new $15 million Series C round co-led by Union Square Ventures plus Multicoin Capital. That’ s simply because one of Helium’ s co-founders is Napster inventor Shawn Fanning. Investors are betting that he can transform the … Continue reading Helium launches $51M-funded LongFi IoT alternative to cellular