Mawari Network, a decentralized physical infrastructure network (DePIN) building on Solana and focused on spatial computing, has raised $10.8 million in a strategic funding round.
Anfield Ltd, Borderless Capital and 1kx co-led the round, with participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, Samsung Next and others, Mawari Network said Thursday. Angel investors, including Helium co-founder and Borderless Capital partner Sean Carey, The Tie co-founder and CEO Joshua Frank, Techstars Web3 leader Pete Townsend and former Galaxy Digital chief information security officer Ivan Brightly, also joined the round.
As part of the deal, Carey has joined Mawari Network's board of directors, Mawari co-founder and CEO Luis Oscar Ramirez told The Block.