TechFlow news, according to Decrypt, decentralized wireless network Helium Inc. has raised $200 million in a Series D funding round at a $1 billion pre-money valuation, bringing the company's latest valuation to $1.2 billion. The round was co-led by Tiger Global and Andreessen Horowitz’s a16z Crypto, with participation from Reddit co-founder Alexis Ohanian’s venture firm Seven Seven Six, Deutsche Telekom, GV (formerly Google Ventures), Liberty Global, NGP Capital, Goodyear Ventures, and others.
The company also announced it has rebranded as Nova Labs to better distinguish the team from the community-run Helium decentralized network/project and Helium token (HNT). Nova Labs has granted the Helium trademark to the Decentralized Wireless Alliance, which will be renamed the Helium Foundation. The Decentralized Wireless Alliance is the community-governed body overseeing the Helium network, responsible for managing network improvement proposals and related matters. To date, over 680,000 nodes have been launched and are operational on the Helium network.
