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Mawari Raises $10.8 Million for Decentralized Spatial Computing Network

Sep 26, 2024
  1. Funding Acquisition
  2. Mawari Technologies
  3. Future Plans

Mawari, a pioneer in decentralized 3D streaming, has announced the acquisition of $10.8 million in a strategic funding round led by Anfield LTD, Borderless Capital, and 1kx.

Funding Acquisition

Mawari, a leader in spatial computing and decentralized networks, has announced the acquisition of $10.8 million in a strategic funding round. Leading investors include Anfield LTD, Borderless Capital, and 1kx. They are joined by Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, iAngels, Mulana Ventures, Parami Investors, Samsung Next, and Waldo Holdings, as well as angel investors Ivan Brightly, Joshua Frank, Pete Townsend, and Sean Carey.

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

Mawari Technologies

Mawari streams real-time 3D content to spatial computing devices such as the Apple Vision Pro, Meta Quest 3, and Meta Orion AR Glasses. The company uses a global GPU network to overcome the limitations of traditional centralized networks. Founded in 2017, Mawari has launched the Mawari Network — a decentralized network for spatial computing that provides resources for AR/VR. Mawari also develops the Spatial Streaming SDK — a toolkit that integrates with popular development environments such as Unity and Unreal Engine.

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.Christopher Heymann, Founding Partner at 1kx

Future Plans

The funds raised will be used to open new markets, improve the Spatial Streaming SDK, and invest in research and development. Mawari plans to scale its spatial computing network and expand business development to reach more clients and markets, particularly 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.Luis Oscar Ramirez, Founder & CEO of Mawari

Mawari strengthens its position in the spatial computing market thanks to the funds raised and expansion plans. The company continues to develop its technologies and explore new markets, remaining a leader in decentralized 3D streaming.

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