Nova Labs
Founded Year
2013Stage
Series D - II | AliveTotal Raised
$251MValuation
$0000Last Raised
$89M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-48 points in the past 30 days
About Nova Labs
Nova Labs focuses on developing connectivity solutions. The company's main offerings include technologies and services for the Internet of Things (IoT) sector and mobile services that leverage decentralized wireless networks. Nova Labs primarily serves the IoT and mobile telecommunications industries. Nova Labs was formerly known as Helium. It was founded in 2013 and is based in San Francisco, California.
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Research containing Nova Labs
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Nova Labs in 2 CB Insights research briefs, most recently on Jul 29, 2022.
Jul 29, 2022
Where a16z is investing in crypto and blockchain
Expert Collections containing Nova Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Nova Labs is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Blockchain
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Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Nova Labs Patents
Nova Labs has filed 7 patents.
The 3 most popular patent topics include:
- alternative currencies
- bitcoin
- blockchains
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
1/3/2019 | 8/9/2022 | Wireless networking, Cryptocurrencies, Blockchains, Cryptographic hash functions, Huntingdonshire | Grant |
Application Date | 1/3/2019 |
|---|---|
Grant Date | 8/9/2022 |
Title | |
Related Topics | Wireless networking, Cryptocurrencies, Blockchains, Cryptographic hash functions, Huntingdonshire |
Status | Grant |
Latest Nova Labs News
Jan 20, 2025
On Jan. 17, the SEC announced legal action against Nova Labs, the company behind the Helium Network. The regulator claims Nova Labs violated securities laws by offering unregistered securities through its products and services. These include “Hotspots,” devices used for mining Helium’s HNT tokens, and the “Discovery Mapping” program, which rewards users with tokens in exchange for their private data. According to the complaint, Nova Labs suggested these firms were active users of the Helium network, though the SEC alleges otherwise. Helium’s response On Jan. 19, Amir Haleem, CEO of Nova Labs, expressed confidence in the company’s ability to contest the claims. He called the lawsuit unfounded and part of a larger pattern of enforcement targeting blockchain innovation in the US. Haleem criticized the SEC for what he described as shifting and inconsistent arguments over the past two years. He noted that Helium has cooperated extensively with the SEC, even providing evidence of engagement with the companies mentioned in the complaint. Haleem wrote: “The icing on the cake is that we somehow defrauded our Series D investors, despite literally all of them telling the SEC that none of that happened. we’ve addressed this in the past, and have worked with every company on Helium mentioned in the complaint. apparently written testimonials from the companies themselves are insufficient for Gensler and his goons.” He warned that labeling Helium Hotspots as securities could have far-reaching consequences for Decentralized Physical Infrastructure Networks (DePIN). According to Haleem, such a precedent would deter innovation and create additional risks for similar blockchain projects. Haleem concluded: “We’ll defend ourselves vigorously and continue the Gensler SEC’s track record of miserable losses and outright lies. not just for us, but for all DePIN projects. if Helium hotspots are securities, it puts all DePINs in danger. we won’t allow that to happen.” Mentioned in this article
Nova Labs Frequently Asked Questions (FAQ)
When was Nova Labs founded?
Nova Labs was founded in 2013.
Where is Nova Labs's headquarters?
Nova Labs's headquarters is located at 1663 Mission Street, San Francisco.
What is Nova Labs's latest funding round?
Nova Labs's latest funding round is Series D - II.
How much did Nova Labs raise?
Nova Labs raised a total of $251M.
Who are the investors of Nova Labs?
Investors of Nova Labs include FTX Ventures, Tiger Global Management, Goodyear Ventures, Multicoin Capital, 10T Fund and 16 more.
Who are Nova Labs's competitors?
Competitors of Nova Labs include Everynet, IoTeX, Quantinium, Actility, Notion and 7 more.
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Compare Nova Labs to Competitors
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Pollen Mobile specializes in mobile network solutions, providing services for individuals, businesses, and industrial sectors. They offer mobile coverage, allowing users to create private networks for different applications. The company primarily serves sectors that require connectivity solutions, such as remote areas, home offices, and industrial sites. It was founded in 2021 and is based in San Francisco, California.
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