Internet of things News
The 10 Hottest IoT Startups Of 2019
From Armis to Zededa, CRN looks at the 10 hottest startups of 2019 that are providing new ways to secure IoT devices and deploy applications at the edge, among other things.
CEO: Amir Haleem
Helium is looking to shake up the IoT wireless connectivity market with a peer-to-peer network that encourages consumers to build out the network in exchange for cryptocurrency.
The San Francisco-based startup launched its "LongFi" wireless network that the company claims has 200 times the range of Wi-Fi at 1/1000th of the cost of a cellular modem. That coincided with the company raising a $15 million Series C round, bringing total funding to $51 million.
The company's network is now active in more than 425 U.S. cities after customers purchased more than 1,000 of its Helium Hotspots, which are $495 gateways that consumers can buy and connect to Wi-Fi in exchange for the possibility of receiving the company's cryptocurrency.