Odaily Planet Daily News Nova Labs, the developer of the decentralized wireless communication network Helium, announced that it will launch a $5 monthly mobile phone package, which can send unlimited text messages, calls and unlimited traffic.
Nova Labs said the program is initially only available to Miami residents or those who have received invitations to use the product. Its latest offering will be powered by 5G hotspots owned by individuals and businesses, and registrants will be able to connect to hotspots with mobile devices, including iPhones and Android devices, using the Helium network. Nova Labs says there are more than 7,000 hotspots across the United States.
According to PitchBook data, in 2022 Nova Labs will raise $200 million at a valuation of $1.2 billion, led by Tiger Global Management and a16z. Nova Labs has raised a total of more than $250 million. (Bloomberg)