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Helius aims to enhance the developer experience on the Solana blockchain by using the $9.5 million to grow its team and improve its tech stack. 
Helius, a platform focused on developing tools for the Solana blockchain, plans to create webhooks and remote procedure controls, facilitating seamless communication between applications and interaction with blockchain nodes. 
Helius CEO Mert Mumtaz further outlined the company’s ambitious goals for the near future, which 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. 
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 we've raised a Series A to accelerate crypto development at <a href="https://twitter.com/heliuslabs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@heliuslabs</a>! in mid-2022, my co-founders (<a href="https://twitter.com/liamvovk?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@liamvovk</a> and <a href="https://twitter.com/nick_pennie?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@nick_pennie</a>) and I left Coinbase &amp; AWS to make a dent on a big problem facing crypto: a shortage of quality products it was (and still is) too hard to build… <a href="https://t.co/bRANlHsWDP" target="_blank">pic.twitter.com/bRANlHsWDP</a>— mert | helius.dev (@0xMert_) <a href="https://twitter.com/0xMert_/status/1760657836978393189?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 22, 2024</a>
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Behind the new funding, <a href="https://crypto.news/helius-solana-upgrades-improvements/" data-type="link" data-id="https://crypto.news/helius-solana-upgrades-improvements/">Helius</a> aims to expand its team by hiring four more engineers, adding to its current roster of 14 full-time employees. 
“We would like to continue to grow our team strategically,” Mumtaz said in a release, underlining the company’s focus on team expansion and technological advancements. 
In addition, Steve Vassallo of Foundation Capital is set to join Helius’ board of directors, as disclosed by the Helius CEO in a conversation with <a href="https://fortune.com/crypto/2024/02/22/app-developers-solana-helius-blockchain-raise/" data-type="link" data-id="https://fortune.com/crypto/2024/02/22/app-developers-solana-helius-blockchain-raise/" target="_blank" rel="noopener">Fortune</a>. 
The investment was led by Foundation Capital, with significant contributions from Reciprocal Ventures, 6th Man Ventures, Chapter One, Propel, and notable individuals, including Balaji Srinivasan, Kyle Samani, and Solana Co-Founders Anatoly Yakovenko and Raj Gokal. 
 Read more: <a href="https://crypto.news/solana-tvls-20-month-peak-hits-1-8-billion-more-price-gains-ahead/"> Solana TVL’s 20-month peak hits $1.8 billion; more price gains ahead? </a>

Helius secures $9.5m to boost Solana developer platform

crypto.news

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