Natix Network Raises $3.5 Million in Seed Round Financing
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
Natix Network, a decentralized camera network based in Hamburg, Germany, has announced the completion of a $3.5 million seed round financing. This investment was led by Blockchange Ventures, along with XYO, Mysterium Network, CVVC, Mulana Capital, and Blockarm Capital. Existing investors such as Techstars, Plug and Play Ventures, and CoinIX Capital also participated in the round.
What is Natix Network?
Natix Network uses artificial intelligence technology’s decentralized camera network to create real-time city maps. This allows for accurate and up-to-date information on traffic and other urban activity. The company aims to create a more efficient and sustainable city infrastructure by improving traffic flow, reducing emissions, and increasing safety.
What is DePIN?
DePIN is Natix Network’s first physical infrastructure network that is based on a mobile application called Drive&. The application uses machine learning algorithms and decentralized camera data to provide real-time traffic updates and alerts to drivers. This helps to reduce traffic congestion and improve safety on the roads.
How Will the Funding Be Used?
The $3.5 million seed funding will support the launch and expansion of DePIN and Drive&. This includes the development of new features, integration with other urban infrastructure systems, and an expansion of the network to new cities.
Key Benefits of Natix Network
– Real-time traffic updates and alerts to drivers
– Improved traffic flow
– Reduced emissions
– Increased safety on the roads
– Creation of a more efficient and sustainable city infrastructure
The Future of Urban Infrastructure
Natix Network’s decentralized camera network and AI technology represent an innovative approach to improving urban infrastructure. As cities continue to grow and traffic congestion becomes a major issue, new solutions like DePIN and Drive& will play an increasingly important role in creating safer, more efficient, and more sustainable urban environments.
Conclusion
Natix Network’s $3.5 million seed round financing marks an important milestone in the company’s mission to improve urban infrastructure. With a focus on real-time traffic updates, reduced emissions, and increased safety, DePIN and Drive& have the potential to revolutionize the way we navigate and interact with our cities.
FAQs
1. How does Natix Network’s decentralized camera network work?
Natix Network uses a network of decentralized cameras and machine learning algorithms to collect and analyze real-time data on urban activity, including traffic flow.
2. What is the goal of DePIN and Drive&?
The goal of DePIN and Drive& is to improve traffic flow, reduce emissions, and increase safety on the roads through real-time traffic updates and alerts.
3. What are the benefits of a more efficient and sustainable city infrastructure?
A more efficient and sustainable city infrastructure can lead to reduced traffic congestion, lower emissions, and a safer and more enjoyable living environment for residents.
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