Helius Labs Raises $21.75M in Series B Led by Haun Ventures and Founders Fund; Airship Tool Makes Solana Airdrops 4,000x Cheaper

Sep 19, 2024, 04:08 AM

Helius Labs, a leading developer platform for Solana, has successfully raised $21.75 million in a Series B funding round. The round was led by Haun Ventures and Founders Fund, with participation from existing investors such as Foundation Capital, Chapter One, and 6th Man Ventures. Helius Labs is recognized for its critical infrastructure support for major applications, protocols, and institutions within the Solana ecosystem. The funding will further accelerate the development of crypto and Solana applications. Additionally, Helius Labs has introduced the Airship tool, a ZK-compression tool that significantly reduces the cost of airdrops, making them 4,000 times cheaper. This tool will benefit Solana Mobile chapter two pre-order token holders, reducing airdrop costs from $40,000 to $100.