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Internet of things News

5 Companies That Are Racing To Build IoT Networks

Dylan Martin

Helium

Helium is a San Francisco-based startup that is planning to use cryptocurrency as a way to incentivize the build-out of a low-power, global IoT network. More specifically, the company is using blockchain technology to build a decentralized machine network that compensates consumers and businesses who buy a gateway from Helium and provide connectivity to nearby devices. The startup has raised nearly $40 million from Google Ventures, Salesforce CEO Marc Benioff, Khosla Ventures and other investors.

 
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