Mawari: Raises $6.5M in Seed Funding

Mawari Raises $6.5M in Seed Funding

  • Mawari, a San Jose, CA-based company providing XR streaming technology, raised $6.5M in Seed funding
  • The round was led by Blockchange Ventures and Decasonic, with participation from Abies Ventures, Accord Ventures, Anfield Ltd., Outlier Ventures, and Primal Capital
  • The company intends to use the funds to expand its existing R&D team and to accelerate the launch its network
  • The company delivers 3D content through Ma wari 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
  • Customers and partners include 8th Wall, BMW, Ericsson, KDDI, Immersal, Niantic, Qualcomm, Sapporo Breweries and T-Mobile
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Elizabeth Warren Questions MrBeast’s Purchase of Teen Fintech Step

The senator raises concerns about the implications for youth financial services.Highlights: Senator Elizabeth Warren questions MrBeast's fintech acquisition.Warren...

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...