February 9, 2023 – Mawari Corp., a provider of cloud rendering and XR streaming technologies, has recently announced the close of a USD $6.5 million oversubscribed seed round co-led by Blockchange Ventures and Decasonic, with additional investments from Abies Ventures, Accord Ventures, Anfield Ltd., Outlier Ventures, Primal Capital, and other investors in the space.
Mawari stated that this strategic investment will enable the company to expand its existing R&D team and to accelerate the launch of the ‘Mawari Network’ – a decentralized XR content delivery platform based on best Web3 principles and powered by the Mawari Engine, the company’s proprietary, interactive real-time 3D rendering and streaming technology.
“Mawari has developed a fundamental backbone technology that delivers the highest quality augmented-reality content in the Web3 and metaverse era, significantly evolving the community environment and experience,” said Paul Hsu, Founder and CEO of Decasonic, a Web3 native venture and digital assets fund.
“The trillion dollar opportunity represented by XR will not be realized until consumer-grade content can be efficiently streamed simultaneously to large numbers of mobile devices. There is no infrastructure today that can enable this. This is what we are building.” added founder and CEO, Luis Oscar Ramirez Solorzano.
According to Mawari, its Mawari Network offers a solution to one of XR’s biggest problems that limits its mainstream adoption: delivery at scale. Mawari’s solution delivers speed, quality and light-weight 3D content through the Mawari Engine, a patent-pending 3D Streaming CODEC and split-rendering technology. Delivery at scale is achieved via a decentralized 3D content delivery platform that is powered by a network of GPU-powered nodes.
“We believe our technology and decentralized approach is a major breakthrough, and will be a game-changer for the XR and Metaverse industries, redefining how immersive content is delivered.”
– Aleksandr Borisov, Co-Founder & CTO of Mawari.
“What Mawari is building isn’t just better. It’s also faster. And cheaper.” stated Ken Seiff, Managing Partner of Blockchange Ventures. “We were initially drawn to the Mawari team by their vision for leveraging decentralized compute with all the implications for spreading the technology broadly and making it more accessible to a much larger market. Then we learned from customers and partners that they were using Mawari simply because it was better. We love Mawari’s combination of forward vision and present practicality.”
“We believe our technology and decentralized approach is a major breakthrough, and will be a game-changer for the XR and Metaverse industries, redefining how immersive content is delivered.” said Aleksandr Borisov, Co-Founder & CTO of Mawari.
According to the company, having bootstrapped since its founding in 2017 and with over 40 deployments worldwide, Mawari offers its XR streaming technology to global customers and partners, including 8th Wall, BMW, Ericsson, KDDI, Immersal, Niantic, Qualcomm, Sapporo Breweries and T-Mobile.
For more information on Mawari and its cloud rendering and XR streaming solutions, please visit the company’s website.
Image credit: Mawari
About the author
Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.