- Mawari Network has raised $10.8 million in a funding round led by Anfield LTD, Borderless Capital, and 1kx, with backing from Web2 and Web3 leaders.
- The funds will fuel Mawari's expansion into new markets and enhance its Spatial Streaming SDK, with plans to decentralize its network by Q4 2024.
A company that specializes in decentralized physical infrastructure networks (DePIN) for spatial computing, Mawari Network, has raised $10.8 million in a funding round led by Anfield LTD, Borderless Capital, and 1kx. Other investors include Animoca Brands Japan, Samsung Next, and several prominent angel investors like Ivan Brightly and Joshua Frank.
Backed by both Web2 and Web3 industry leaders, Mawari is using its seven years of expertise to revolutionize real-time 3D content streaming. The company aims to deliver immersive experiences quickly and affordably to devices like the Apple Vision Pro, Meta Quest 3, and Meta Orion AR Glasses.
Mawari Network has raised $10.8M in strategic funding to pioneer the future of spatial computing 🕶️
— Mawari (@mawariXR) September 26, 2024
Building on Mawari’s expertise in streaming immersive experiences, Mawari Network leverages DePIN to bring 3D content quickly & affordably to devices around the world. pic.twitter.com/SnNK2VzIPc
By leveraging a global network of GPUs and decentralized elements from Web3, Mawari overcomes the limitations of traditional networks in spatial computing, formerly known as XR (eXtended Reality).
"Mawari is not only an early pioneer in spatial computing but is also one of the first of a new cohort of successful Web2 businesses harnessing blockchain and decentralization to drive innovation, efficiency, and improved user experience," Christopher Heymann, Founding Partner at 1kx said.
"They understand the huge potential for decentralized computing to power the future of content delivery, and we're thrilled to be backing them on this journey."
Mawari plans to use the newly raised funds to expand into new markets and enhance its Spatial Streaming SDK. The company will also boost its R&D efforts to maintain its competitive edge in decentralized spatial computing. Additionally, Mawari aims to strengthen its business development to reach more clients, particularly in Asia and the Americas, as the demand for spatial computing devices and programming continues to grow.
“Our vision has always been to bring immersive experiences to everyone, and this investment will unlock the platform for a broader community to build the 3D Internet with us,” said Luis Oscar Ramirez, Founder & CEO of Mawari.
Mawari is a leader in 3D streaming technology and holds three patents with 11 more in progress. The company already serves 40 clients, including major global brands like T-Mobile, Sapporo, KDDI, Netflix, and BMW. After bootstrapping its operations and generating an average of $1.5 million in annual revenue, Mawari plans to decentralize and expand its spatial computing network by launching a node license sale in Q4 2024.
Edited by Harshajit Sarmah
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Harshajit Sarmah
