- Mawari Network, a decentralized physical infrastructure network (DePIN) built on Solana, has recently secured $10.8 million in a strategic funding round.
- The round was co-led by Anfield Ltd, Borderless Capital, and 1kx, among others, bringing significant investment from notable angel investors and venture firms.
- Mawari Network focuses on spatial computing technology, a sector that blends the physical and digital worlds to create immersive experiences.
Discover the latest funding highlights and developments as Mawari Network raises substantial capital to advance spatial computing innovations.
Strategic Funding Round Elevates Mawari Network’s Capital
Mawari Network, which leverages Solana’s platform, has successfully raised $10.8 million in a strategic funding round. The investment, led by entities such as Anfield Ltd, Borderless Capital, and 1kx, also saw participation from firms like Accord Ventures, Animoca Brands Japan, Blockchange Ventures, and Draper Dragon. Additionally, tech giants like Samsung Next participated, along with notable angel investors including Helium co-founder Sean Carey, The Tie CEO Joshua Frank, and former Galaxy Digital executive Ivan Brightly. With this funding round, Mawari’s total capital raised reaches $17.3 million, following a previous $6.5 million raise in early 2023.
Insights from Mawari’s Expansion in Spatial Computing
Mawari Network has a unique focus on spatial computing—a technology that integrates AR, VR, and XR to interact seamlessly with real-world environments. Derived from the Japanese term “mawari,” meaning “your surroundings,” the network aims to transcend traditional media constraints by offering frameless media experiences. This vision was catalyzed by its founders’ early work with MUTEK Japan in 2016, where they realized the untapped potential of XR and the technological challenges it posed. Since then, Mawari has pushed advancements, notably in real-time 3D streaming, evidenced by their successful streaming of KDDI’s AI-powered digital human, Aiko.
Expanding the Infrastructure and Future Plans
The strategic funding will aid Mawari Network in expanding its infrastructure, targeting a diversified node ecosystem comprising spatial streamer nodes, verifier nodes, and application nodes. Positioned as a leader in spatial computing on Solana’s devnet, Mawari plans to launch its mainnet by the first quarter of next year. The network is anticipating a node license sale in the fourth quarter to support its objective of decentralization, although no specific target amount has been disclosed. Presently, Mawari serves 40 clientele, including leading global brands such as T-Mobile, Netflix, and BMW, and generates an annual revenue of approximately $1.5 million.
Mawari’s concentration on real-time 3D rendering sets it apart in the web3 landscape, providing a competitive edge over services reliant on traditional cloud computing frameworks. Its robust technological stack is reinforced by three patents, with eleven more pending.
Conclusion
Mawari Network’s recent funding round marks a significant milestone in its journey to dominate the spatial computing landscape. With fresh capital, strategic partnerships, and a clear development roadmap, Mawari is well-positioned to impact industries reliant on immersive, real-time digital experiences. As it continues to evolve, the network’s commitment to decentralization and expansion in network engineering, business development, and marketing is poised to drive further growth and innovation.
