Hassan Maishera
Mawari Network, a DePIN (Decentralized Physical Infrastructure Network) pioneering the next generation of spatial computing, announced on Thursday, September 26th, that it has raised $10.8 million in a strategic funding round.
In a press release shared with Cryptowisser, Mawari Network said Anfield LTD, Borderless Capital, and 1kx led the funding round. These investors are being joined by Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, iAngels, Mulana Ventures, Parami Investors, Samsung Next and Waldo Holdings as well as notable angel investors Ivan Brightly, Joshua Frank, Pete Townsend, and Sean Carey.
Mawari enables real-time 3D content streaming to spatial computing devices like the Apple Vision Pro, Meta Quest 3 and Meta Orion AR Glasses through a global network of GPUs, leveraging Web3 elements such as DePIN to overcome the limitations of traditional centralized networks.
The platform focuses on delivering scalable infrastructure for real-time 3D applications. Mawari has been around since 2017 and launched the Mawari Network, a DePIN and the only full-stack spatial computing platform offering decentralized compute and storage resources optimized for AR/VR experiences.
While commenting on this funding round, Sean Carey, Helium Co-Founder and Partner at Borderless Capital, said,
“Every time I see what Mawari is building, I am reminded of how wild the future of spatial computing will be. Luis and the team have been quietly building real technology for the last seven years and have an arsenal of systems that are pretty jaw-dropping.”
Christopher Heymann, Founding Partner at 1kx, added that.
"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. 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 will use the funds raised from this round to open new markets. The team revealed that they are focused on improving Mawari’s Spatial Streaming SDK and continue to invest in R&D to stay ahead of the competition in delivering decentralized spatial computing.
Furthermore, the company will grow its business development efforts to reach more clients and markets, in line with the growth of spatial computing devices and programming in Asia and the Americas.
Luis Oscar Ramirez, Founder & CEO of Mawari, pointed out that,
“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.”
Mawari is a pioneer in 3D streaming, with three patents granted and 11 in process. It boasts 40 existing clients, including global brands such as T-Mobile, Sapporo, KDDI, Netflix, and BMW.
Mawari’s solution consists of two key components: the Spatial Streaming SDK and the Mawari Network. The Spatial Streaming SDK is a robust toolkit designed to integrate seamlessly with popular development environments like Unity and Unreal Engine. It empowers creators to focus on what they do best—crafting engaging and innovative content—without worrying about the backend complexities.
The Mawari Network, meanwhile, is a decentralized, GPU-powered content delivery network designed for spatial computing. It leverages a globally distributed network of GPU nodes strategically positioned near end-users to ensure low latency and optimal performance. This architecture enables the efficient distribution and scaling of spatial content, delivering seamless, high-quality experiences to users anywhere in the world.
