Helium (also known as Nova Labs) was founded in 2013 by Amir Haleem, and Shawn Fanning. The company has not publicly endorsed a plan to pursue an IPO at this time, though a successful round of recent funding speaks to the company's upward trajectory. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Helium aims to develop a decentralized wireless network using blockchain technology and machine-to-machine communication, a project they refer to as "The People's Network." The company has received over $360 million in funding from investors including Tiger Global Management, FTX Ventures, Union Square Ventures, SV Angel, and others. In February 2022, Helium completed a $200 million funding round that resulted in a valuation of $1.2 billion.