Natix Network Announces Successful Financing of $3.5 Million: A Decentralized Camera Network Revolutionizing Real-Time City Maps
On April 14th, Natix Network, a decentralized camera network headquartered in Hamburg, Germany, announced the completion of a $3.5 million seed round financing, led by Blockchange
On April 14th, Natix Network, a decentralized camera network headquartered in Hamburg, Germany, announced the completion of a $3.5 million seed round financing, led by Blockchange Ventures, with XYO, Mysterium Network, CVVC, Mulana Capital and Blockarm Capital, as well as existing investors Techstars, Plug and Play Ventures, and CoinIX Capital participating. Natix Network utilizes artificial intelligence technology’s decentralized camera network to create real-time city maps, and the new funding will support its launch of its first physical infrastructure network (DePIN) based mobile application, ‘Drive&’. （Tech.eu）
Decentralized camera network Natix Network completed $3.5 million seed round financing
Introduction
On April 14th, Natix Network, a decentralized camera network headquartered in Hamburg, Germany, announced the successful completion of its seed round financing, raising $3.5 million. The funding was led by Blockchange Ventures and supported by several other investors, including XYO, Mysterium Network, CVVC, Mulana Capital, and Blockarm Capital, as well as existing investors, Techstars, Plug and Play Ventures, and CoinIX Capital.
About Natix Network
Natix Network is a decentralized camera network that uses artificial intelligence technology to create real-time city maps. With the help of its camera network and AI technology, the company aims to provide better security, improved traffic control, and a more efficient public transportation system.
The DePIN and Drive& Mobile Application
Natix Network’s first physical infrastructure network (DePIN) is based on a mobile application named ‘Drive&.’ The company aims to use these mobile applications to enable drivers to go live on DePIN and reach their destination faster by avoiding traffic congestion, predicting and preventing accidents, and providing real-time information about their surroundings.
Benefits of DePIN and Drive& Mobile Application
– Improved Traffic Control: Natix Network’s DePIN and Drive& helps to reduce traffic congestion and enhance traffic control by providing drivers with real-time information about their surroundings. This helps them to find the tightest routes, avoid traffic jams and optimize their journey.
– Enhanced Public Transport: Natix Network’s technology can also help improve public transportation. By using its camera network, it can provide real-time information about public transportation to the passengers, such as arrival and departure times and schedules.
– Increased Safety: Natix Network’s AI technology allows for better management of traffic by predicting and preventing accidents. It can also detect unattended luggage and other potential security risks.
Funding and Investors
The successful completion of the $3.5 million seed round financing is a significant milestone for Natix Network. Led by Blockchange Ventures and supported by other investors such as XYO, Mysterium Network, CVVC, Mulana Capital, and Blockarm Capital, the funds will help Natix Network to launch its Drive& mobile application and expand its camera network.
Conclusion
Natix Network’s decentralized camera network and technology-driven approach to real-time city mapping are impressive. With the successful completion of its seed round financing, the company is poised to further enhance its camera network and technology to provide safe, secure, and efficient travel for drivers, commuters, and the public. Its DePIN and Drive& mobile application are innovative additions to the transportation industry that have the potential to solve traffic congestion, optimize public transportation and enhance safety.
FAQs
What is Natix Network?
Natix Network is a decentralized camera network headquartered in Hamburg, Germany, that provides real-time city maps using artificial intelligence technology.
What is DePIN?
DePIN is Natix Network’s first physical infrastructure network based on its mobile application named Drive&. It aims to give drivers real-time information about their surroundings, optimize their journey and enhances safety.
Who invested in Natix Network’s seed funding round?
Blockchange Ventures led the $3.5 million seed round financing. Other investors included XYO, Mysterium Network, CVVC, Mulana Capital, and Blockarm Capital, as well as existing investors, Techstars, Plug and Play Ventures, and CoinIX Capital.
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