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About Helius
Helius is a Solana-focused developer infrastructure platform that provides high-performance RPC nodes, data APIs, webhooks, and low-latency data streaming services. Its core value lies in solving the pain points of slow data retrieval and complex transaction parsing on Solana, offering developers faster and more reliable on-chain data access. Specifically, Helius enhances data retrieval efficiency through products like LaserStream (gRPC-based streaming) and Shred Delivery (raw data access), while its enhanced transaction APIs and DAS API simplify asset querying and management. Market pain points addressed include public endpoint instability, high latency, and the complexity of parsing raw transaction data. Over the past six months (2026-02-28 to 2026-08-29), Helius has focused on optimizing its low-latency product line. In June 2025, it launched LaserStream, a high-performance gRPC streaming service. In August 2025, it detailed enhancements to its low-latency data products in a blog post titled 'Winning the Millisecond Game.' In late September 2025, its Shred Delivery and Sender products went live, with a blog post explaining how to combine them for 'zero-slot execution.' Case studies published in August 2025 highlighted how DFlow used LaserStream for competitive quoting advantages and how Magic Eden relied on Helius RPC nodes and Priority Fee API to manage high traffic. No significant negative information was found in the past two years.
Helius, a Solana-focused infrastructure provider, has evolved through several pivotal milestones. In 2022, it was founded by Mert Mumtaz (CEO), Liam Vovk (CTO), and Nicolas Pennie (COO), and secured a $3.1 million seed round led by Reciprocal Ventures and Chapter One. In February 2024, Helius raised over $20 million in a Series A round with participation from Haun Ventures, Foundation Capital, and others, accelerating its product development. A significant technical breakthrough came when Helius introduced ZK Compression to Solana, in collaboration with Light Protocol, drastically reducing on-chain storage costs (e.g., creating a compressed PDA account costs 0.00001 SOL vs. 0.0016 SOL for a regular one). This innovation, along with the open-sourced Photon indexer, enhanced Solana's scalability and positioned Helius as a key contributor to the ecosystem. In 2024, Helius announced plans to establish a SOL Treasury Company and later revealed its executive chairman Joseph Chee's intention to pursue a Hong Kong IPO, aiming to acquire at least 5% of SOL's circulating supply. The company also secured over $500 million in financing for this treasury initiative, marking a strategic shift from pure infrastructure to active participation in Solana's economic ecosystem. Throughout its journey, Helius has consistently advocated for Solana's technical advantages, such as its programming model's security superiority over EVM in AI development, and has raised awareness about issues like the Solana ABI problem. These milestones highlight Helius's evolution from a developer tool provider to a comprehensive ecosystem player, with long-term implications for Solana's scalability, adoption, and financial integration.
Co-founders & Key Executives:
Mert Mumtaz – Co-founder & CEO. Previously Software Engineer at Coinbase and Clearco. Based in remote. Twitter: @0xMert_ (x.com/mertmumtaz).
Liam Vovk – Co-founder & CTO. Previously Software Engineer at Coinbase and Clearco. Based in remote. Twitter: @liam_vovk (x.com/liamvovk).
Nicolas Pennie – Co-founder & COO. Previously Software Development Engineer at Amazon (AWS), Software Developer at Ownr, and Application Development Analyst at Accenture. Based in Vancouver, Canada. LinkedIn: linkedin.com/in/nicolas-pennie-799b72a.