Mawari Network Secures $10.8M Funding for Spatial Computing DePIN on Solana

Mawari Network has successfully raised $10.8 million in a funding round led by Anfield Ltd, Borderless Capital, and 1kx, with additional participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, and Samsung Next. This funding round was structured as a simple agreement for future equity (SAFE) with token warrants.

Notably, Helium co-founder and Borderless Capital partner Sean Carey will join Mawari's board of directors. The company aims to build a decentralized physical infrastructure network (DePIN) focused on scaling spatial computing, blending physical and digital worlds through extended reality (XR), augmented reality (AR), and virtual reality (VR) devices.

Mawari's CEO, Luis Oscar Ramirez, highlighted the company's mission to address challenges in creating real-time, immersive content, emphasizing the platform's ability to handle intensive computing tasks globally. The mainnet launch on Solana is scheduled for Q1 2025.