Helios Wire is building a satellite-powered Internet of Things network, overlaid on top of the blockchain.
The business model is to build small tags, some as small as a cell phone. These tags will transmit data to space — they will be programmed to send information like location, elevation, temperature, proximity, and so forth. They can also be connected to other sensors for applications like precision agriculture, mining, asset tracking, logistics, and environmental monitoring.
The data will be captured by a constellation of Helios satellites and then downlinked to existing ground stations. From there, the data will uploaded to the cloud for analysis, machine learning, machine-to-machine transactions, and to help decision making.
There are 3 satellites currently scheduled for launch over the next 12 months, and then future satellites will be built as revenue demands.
Vertically integrated and satellite enabled, the Helios system allows for efficient
and affordable monitoring, tracking,and messaging communications with as many as 5 billion devices, worldwide.
Scott Larson, CEO & Co-founder, Helios Wire
Scott’s experience has been forged in the worlds of technology and finance. After launching his first startup in 1995, Scott co-founded and was CEO of UrtheCast — a leader in the New Space sector — for five years. Most recently, Scott co-founded and is currently CEO of Helios Wire, a startup that is democratizing IoT with a satellite enabled network, and connecting remote places worldwide. Helios is also helping to pioneer IoT’s integration with blockchain, the economy of things.
What is your rationale for attending 121 Tech Investment?
Helios Wire is currently raising financing to bring the company to revenue. We are also looking for partners, strategic investors, and other stakeholders who can help the growth of our company, particularly within supply chain, energy, transportation, or other industrial sectors.
What recent news would you like to highlight to investors attending?
1. Helios Wire’s first satellite will be launching in mid-2018.
2. Future satellites in December of 2018 and Feb 2019.
3. Current signed annual letters of intent of $38 million.
What are your key goals for the next 3, 6 and 12 months?
3 MONTH GOALS
1. Raise follow on seed financing.
2. Complete satellite and ready for launch.
3. Continue business development progress.
4. Sign Asian partnerships for growth.
6 MONTH GOALS
1. Complete Series A financing.
2. Launch and commission initial satellite.
3. Open Asian office to support growth.
4. Sign first contract and enter revenue.
12 MONTH GOALS
1. Complete and launch 2 more satellites.
2. Reach $100 million in signed LOI’s.
3. Choose rest of constellation manufacturer.
4. Begin process of IPO.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key focus of the company is to raise enough financing to take advantage of the growth opportunities. The satellites are on track and the ground infrastructure is moving along, but Helios needs to be properly capitalized in order to meet the demand.
The majority of the other corporate risks are operational, and include ensuring that the company has the right infrastructure and team in place to execute on the business plan.
In a sentence, what do you think makes your company such a compelling investment?
The Helios system will disrupt an entire industry, one where our competitors have spent billions of dollars building out their infrastructure. Helios has the ability to offer a compelling customer service for 90% less than other industry participants.