Natix Network raises $3.5 million in seed round financing to launch Drive& App

04/14/2023 03:21 • Tech Trends • 80 views

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 based in Hamburg, Germany, announced that it had successfully completed a seed round financing worth $3.5 million. The funding was led by Blockchange Ventures, with the participation of several other investors, including XYO, Mysterium Network, CVVC, Mulana Capital, and Blockarm Capital. The purpose of the funding is to support the launch of its first physical infrastructure network known as DePIN, which will be based on their mobile application called Drive&.

What is Natix Network?

Natix Network is a decentralized camera network that utilizes artificial intelligence technology to create real-time maps of various cities around the world. The company’s goal is to create a more efficient and effective way to manage traffic and public safety in cities by using their camera network and AI technology to gather data and provide actionable insights.

The significance of the seed round financing

The completion of the seed round financing is a significant milestone for Natix Network, as it will provide the company with the necessary funds to launch their product, Drive&. The Drive& application will allow users to access real-time city maps provided by Natix Network’s decentralized camera network. This will help drivers navigate through congested areas, avoid traffic, and get to their intended destination much faster.

Driving traffic management with AI technology

Natix Network’s use of AI technology to manage traffic is innovative and groundbreaking. By analyzing data collected from their decentralized camera network, the company can identify traffic patterns, road anomalies, and other critical information in real-time. This not only helps to reduce congestion and improve traffic flow but also promotes a safer driving experience.

The potential impact of Drive&

Drive& has the potential to revolutionize the way people drive in congested areas. The application provides users with real-time data that can help them navigate through difficult traffic conditions safely. Moreover, the app’s use of Natix Network’s decentralized camera network provides users with accurate information about their surroundings, enabling them to make informed decisions quickly.

Conclusion

The completion of Natix Network’s seed round financing is a significant milestone that will allow the company to launch its first physical infrastructure network and mobile application, Drive&. The application’s use of artificial intelligence technology and Natix Network’s decentralized camera network makes it an innovative and groundbreaking addition to the traffic management industry.

FAQs

1. How does Drive& work?
Drive& utilizes data collected from Natix Network’s decentralized camera network to provide users with real-time traffic updates.
2. Is Drive& available globally?
The application is available worldwide, but users are advised to check the availability of their destination before using the app.
3. What benefits does Drive& offer to drivers?
Drive& offers drivers real-time data that helps them navigate through congested areas and make informed decisions quickly.
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