The Good Tech Companies - Mawari Secures $10.8 Million to Advance Spatial Computing Technology

Episode Date: October 18, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/mawari-secures-$108-million-to-advance-spatial-computing-technology. Tokyo-based Mawari Network has raised $10.8 million in a strategic funding round. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #blockchain, #dlt, #cryptocurrency, #web3, #mawari, #mawari-news, #mawari-announcement, #good-company, and more. This story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page, and for more stories, please visit hackernoon.com. Tokyo-based Mawari Network has raised $10.8 million in a strategic funding round. Mawari has developed a decentralized content delivery network (CDN) specifically designed for immersive 3D experiences. The company's technology enables real-time streaming of 3D content to spatial computing devices such as the Apple Vision Pro and Meta Quest 3.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Mawari secures $10.8 million to advance spatial computing technology, by Ashan Pandey. Tokyo-based Mawari Network has raised $10.8 million in a strategic funding round, positioning the company at the forefront of the rapidly evolving spatial computing industry. The investment, announced on September 26, 2024, was led by Enfield Limited, Borderless Capital, and 1KX, with participation from a diverse group of venture capital firms and angel investors. Mowari, founded in 2017, has developed a decentralized content delivery network, CDN, specifically designed for immersive 3D experiences. The company's technology enables

real-time streaming of 3D content to spatial computing devices such as the Apple Vision Pro, MetaQuest 3, and Meta Orion AR glasses. Luis Oscar Ramirez, founder and CEO of Mowari, stated, 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 funding round attracted notable investors from both Web2 and Web3 sectors, highlighting the growing interest in spatial computing technologies. Sean Carey, Helium co-founder and partner at Borderless Capital, praised Mawari's innovation, saying, Every time I see what Mawari is building,

I am reminded of how wild the future of spatial computing will be. Mawari's technology consists of two key components 1. The Spatial Streaming SDK. A toolkit that integrates with popular development environments like Unity and Unreal Engine, allowing creators to focus on content creation without worrying about back-end complexities. 2. The Mawari Network, a decentralized, GPU-powered content delivery network optimized for spatial computing, leveraging a global network of nodes to ensure low latency and high performance. The company has already secured three patents, with 11 more in process, and boasts a client roster of 40 global brands, including T-Mobile, Sapporo, KDDI, Netflix, and BMW. Prior to this funding round, Mowari had been bootstrapped, averaging $1.5 million in annual revenue.

Christopher Heyman, founding partner at 1KX, noted, Mowari is not only a nearly 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. The new funds will be used to expand into new markets, enhance the spatial streaming SDK, and continue research and development efforts. Mowari also plans to conduct a node license sale in Q4 of 2024 to further decentralize and scale its spatial computing network. As the spatial computing industry continues to grow, Mowary's innovative approach to content delivery and its strong

patent portfolio position the company as a key player in shaping the future of immersive digital experiences. Don't forget to like and share the story. Tip Vested Interest Disclosure. This author is an independent contributor publishing via our business blogging program. Hacker Noon has reviewed the report for quality, but the claims herein belong to the author. Hashtag D-Y-O-R. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.