Mawari raises $6.5 million to accelerate 3D content delivery for the Metaverse
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Mawari has raised $6.5 million to accelerate 3D content delivery for metaverse digital assets.
It hopes to offload the processing and networking requirements of our future Internet with technologies such as machine learning, compression, and blockchain to enable a 3D metaverse.
The company said the oversubscribed funding round was led by Blockchange Ventures and Decasonic, with additional investments from Abies Ventures, Accord Ventures, Anfield, Outlier Ventures, Primal Capital and others.
"We are thrilled to have achieved this major milestone with such a prestigious group of investors who share our mission and ambition to bring the metaverse to everyone," said Luis Oscar Ramirez Solorzano, CEO of Mawari.< /p> Event
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles on May 22-23. You'll hear from the brightest minds in the gaming industry to share their updates on the latest developments.
register hereIn an interview with GamesBeat, he said the company has been labeled "the Akamai of the metaverse," a reference to Akamai's Content Delivery Networks for the Internet, where the company has set up points on Internet where you can download games. or videos in a faster way as the assets were close to you. It was a way to unclog the internet, and it's not a bad analogy to how Mawari hopes to avoid congestion in the metaverse.
"We've been through the waves of augmented reality and virtual reality, with a mission to become the Akamai of XR (reality extent),” he said. “We are taking action to democratize access to immersive content. That's how we started."
Funding in the form of venture capital and digital assets will enable Mawari to expand its existing R&D capabilities and accelerate the launch of the Mawari Network: a decentralized 3D and XR content delivery platform with designs based on Web3 principles. It will be powered by interactive 3D rendering and real-time streaming technologies, and it will be supported by partners in a decentralized network.
"What Mawari is building isn't just better. It's also faster. And cheaper," Ken Seiff, managing partner of Blockchange Ventures, said in a statement. by the Mawari team by its vision of leveraging decentralized computing with all the implications for widely spreading the technology and making it more accessible to a much larger market. Then we learned from our customers and partners that they used Mawari simply because it was better. We love Mawari's combination of forward vision and current functionality. »
The problem
Connect with the top leaders in gaming in Los Angeles during GamesBeat Summit 2023 on May 22-23. Register here.
Mawari has raised $6.5 million to accelerate 3D content delivery for metaverse digital assets.
It hopes to offload the processing and networking requirements of our future Internet with technologies such as machine learning, compression, and blockchain to enable a 3D metaverse.
The company said the oversubscribed funding round was led by Blockchange Ventures and Decasonic, with additional investments from Abies Ventures, Accord Ventures, Anfield, Outlier Ventures, Primal Capital and others.
"We are thrilled to have achieved this major milestone with such a prestigious group of investors who share our mission and ambition to bring the metaverse to everyone," said Luis Oscar Ramirez Solorzano, CEO of Mawari.< /p> Event
GamesBeat Summit 2023
Join the GamesBeat community in Los Angeles on May 22-23. You'll hear from the brightest minds in the gaming industry to share their updates on the latest developments.
register hereIn an interview with GamesBeat, he said the company has been labeled "the Akamai of the metaverse," a reference to Akamai's Content Delivery Networks for the Internet, where the company has set up points on Internet where you can download games. or videos in a faster way as the assets were close to you. It was a way to unclog the internet, and it's not a bad analogy to how Mawari hopes to avoid congestion in the metaverse.
"We've been through the waves of augmented reality and virtual reality, with a mission to become the Akamai of XR (reality extent),” he said. “We are taking action to democratize access to immersive content. That's how we started."
Funding in the form of venture capital and digital assets will enable Mawari to expand its existing R&D capabilities and accelerate the launch of the Mawari Network: a decentralized 3D and XR content delivery platform with designs based on Web3 principles. It will be powered by interactive 3D rendering and real-time streaming technologies, and it will be supported by partners in a decentralized network.
"What Mawari is building isn't just better. It's also faster. And cheaper," Ken Seiff, managing partner of Blockchange Ventures, said in a statement. by the Mawari team by its vision of leveraging decentralized computing with all the implications for widely spreading the technology and making it more accessible to a much larger market. Then we learned from our customers and partners that they used Mawari simply because it was better. We love Mawari's combination of forward vision and current functionality. »
The problem
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