Mawari Network Raises $10.8M to Pioneer the Next Generation of Spatial Computing

Mawari Network, a DePIN (Decentralized Physical Infrastructure Network) pioneering the next-generation of spatial computing, has secured $10.8 million in a strategic funding round led by Anfield LTD, Borderless Capital and 1kx.

Los Altos, United States, September 26th, 2024, Chainwire

DePIN (Decentralized Physical Infrastructure Network) pioneer for the next-generation of spatial computing, Mawari Network, has announced today that it has closed a $10.8 million strategic funding round led by Anfield LTD, Borderless Capital, and 1kx.

This round also saw participation from 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.

Investors and operators from both Web2 and Web3 are backing Mawari's seven-year technological head start in streaming immersive experiences and their bold vision to leverage DePIN to bring 3D content quickly and affordably to devices around the world. 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.

Uniquely positioned to address one of the core challenges in the spatial computing industry (formerly known as XR (e^Xtended Reality)), Mawari focuses on delivering scalable infrastructure for real-time 3D applications. Founded in 2017, Mawari has since 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.

“Every time I see what Mawari is building, I am reminded of how wild the future of spatial computing will be,” said Sean Carey, Helium Co-Founder and Partner at Borderless Capital. “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.”

“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,” said Christopher Heymann, Founding Partner at 1kx. “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.”

The funds raised will be used to open new markets, as the team continues to improve the Spatial Streaming SDK and invest in R&D to stay ahead of the competition in delivering decentralized spatial computing. In addition, Mawari 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.

“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 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. Having initially bootstrapped — averaging $1.5 million in revenue per year — Mawari plans to conduct a node license sale in Q4 of 2024 to decentralize and scale its spatial computing network.

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.

About Mawari

Mawari is setting the standard for decentralized spatial computing and immersive content delivery. The Mawari Network powers real-time streaming of immersive content through a global network of compute nodes. Mawari is optimizing spatial computing, empowering creators to craft unforgettable experiences that are revolutionizing how audiences engage with digital content.

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