Mawari raises $10.8M to scale 3D spatial computing network
Mawari, a decentralised content delivery network focused on 3D streaming, has raised $10.8 million in strategic funding.
The round was led by Anfield LTD, Borderless Capital, and 1kx, with participation from several investors including Animoca Brands Japan, Samsung Next, and Blockchange Ventures.
Founded in 2017, Mawari aims to enhance spatial computing by providing real-time 3D content streaming to devices such as Apple Vision Pro and Meta Quest 3.
The company utilises decentralised infrastructure to address the challenges of traditional centralised networks.
Luis Oscar Ramirez, Mawari's founder and CEO, explained, "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."
The Mawari Network is powered by a distributed network of GPUs, designed to deliver low-latency streaming for spatial computing.
Key components of the platform include the Spatial Streaming SDK, which integrates with development environments like Unity and Unreal Engine, and a decentralised content delivery network.
Sean Carey, Helium Co-Founder and Partner at Borderless Capital, commented, “Luis and the team have been working on this technology for the last seven years and have developed a range of effective systems.”
With the newly secured funds, Mawari plans to expand its market presence, improve its Spatial Streaming SDK, and continue investing in research and development.
The company, which already works with 40 clients including Netflix, BMW, and KDDI, aims to further decentralise and scale its network.
Mawari also plans to conduct a node license sale later this year as part of its efforts to grow its spatial computing platform and extend its content delivery capabilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.
Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.
SEC is 'engaging' Solana ETF applicants: report
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
Shiba Inu Developer Says SHIB Is No Longer a Memcoin