NATIX Network have successfully completed a $4.6 million strategic funding round that will mainly be used to power its efforts ahead of the $NATIX token launch.
The round was spearheaded by Borderless Capital, one of the biggest names in DePIN project funding, recently raising a $100 million fresh DePIN fund, and co-led by Tioga Capital, one of the leading investment management firms focused on blockchain innovation.
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This investment marks a significant milestone for NATIX and its mission to revolutionize the decentralized physical infrastructure networks (DePIN) sector. At the heart of their vision lies the commitment to democratizing access to geospatial data through flagship product, “Drive&.”
Nicolas Priem, General Partner at Tioga Capital, showed his support by saying: “They believe that NATIX is uniquely positioned to continue scaling the platform and build out valuable applications for its drivers and projects in need of high-quality geospatial data.”
Alvaro Garcia, Partner at Borderless Capital, said “Impressed by NATIX’s innovative use of smartphone cameras to build a network for crowdsourced geospatial data. Not only does it enhance scalability and simplify user onboarding, but makes it easier to provide users with significant rewards and perks, boosting engagement throughout. “
About NATIX Network
NATIX Network is building an open geospatial Intelligence network using their proprietary AI and smartphone cameras. NATIX’s flagship product “NATIX Drive&” app uses driver assistant apps (e.g. dashcam and navigation), token incentives, computer vision AI, and smartphone cameras to crowdsource real-time data creating an open geospatial Intelligence network that rewards users for contributing.
