Solana DePIN Mawari Network raises $10.8 million in new funding

Mawari Network has raised $10.8 million in strategic funding from Borderless Capital, 1kx, and other investors. The project, built on Solana, aims to scale spatial computing. Anfield Ltd, Borderless Capital, and 1kx co-led the funding round, with participation from various investors including Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, Samsung Next, and angel investors like Sean Carey and Joshua Frank. The round, structured as a simple agreement for future equity (SAFE) with token warrants, brings Mawari’s total capital raised to $17.3 million.

What is Mawari Network?

Mawari Network is a Solana-based DePIN project focused on scaling spatial computing. The network, founded by Luis Oscar Ramirez and Takeo Yatabe, aims to blend the physical world with digital information through technologies like augmented reality (AR), virtual reality (VR), and extended reality (XR). Mawari, meaning ‘your surroundings’ in Japanese, was born out of the founders’ recognition of the challenges artists faced in creating real-time immersive content. The network operates behind the scenes to deliver real-time 3D content for VR, AR, and XR devices, ensuring a seamless and immersive experience for users worldwide.