Press Release
Abies Ventures, Inc.
February 8, 2023

Abies Ventures announces its investment inMawari Corp.
Abies Ventures, Inc. (Head Office: Tokyo, Japan; Managing Partner: Fuyuki Yamaguchi;
hereafter, “Abies Ventures”) is pleased to announce that Abies Ventures Fund I, L.P. hasinvested in Marai Corp. (Head Office: California, USA; CEO: Luis Oscar Ramirez Solorzano;hereinafter, "Mawari"), a company that develops “3D content streaming platform” based on
XR content cloud rendering and streaming technologies, for its Series Seed round.

Abies Ventures is a Japan-based venture capital firm that aims to discover startups that contribute to
the further development of humanity and the creation of a sustainable society through the use ofadvanced science and engineering technology (deep tech), and to develop them into global companies.
Its focus areas include advanced computing technologies to cope with the rapidly increasing datatransmission and processing volumes resulting from the spread of Big Data, AI, video streaming, XR,etc.
XR technology is becoming increasingly popular in the industrial and entertainment sectors, but inorder for XR/metaverse services to take off, it is essential to enable real-time, interactive 3D content
experiences on mobile devices such as smartphones and smart glasses, without limitations of dataprocessing power, battery, heat emissions, etc. Mawari's proprietary 3D graphics compression andsegmented rendering technologies and distributed 3D content delivery platform based on networks ofGPU nodes will enable such experiences.
Founded in 2017 in Shibuya, Tokyo, Japan, Mawari has already successfully implemented over 40 XR
experiences worldwide in partnership with innovative companies such as KDDI, T-Mobile, andQualcomm. Its core 3D streaming and split-rendering technologies (both patent pending) haveattracted significant attention from key players in the XR/metaverse industry and the investorcommunity.
The need for such a scalable delivery platform for 3D content has also been recognized by industry
leaders such as Google, Microsoft, Meta, Apple, and Qualcomm. While these companies have alreadyinvested heavily in the development of related technologies and content production, the bottleneckthey all face is the lack of a scalable, high-quality delivery system capable of simultaneously
delivering large volumes of 3D graphic data to an unspecified large number of mobile devices.
Mawari's breakthrough technologies and networks focus on eliminating this bottleneck, bringing theexperimental level applications currently active in the industry to a commercial level, and paving theway for business monetization.
Abies Ventures invested in Mawari because Mawari fits Abies Ventures' mission of "supporting
highly technological startups from Japan that aim to expand their business to the global market.

■ About Abies Ventures
Business: Venture capital to support deep tech startup companies
Headquarters: Minato City, Tokyo, Japan
Representative: Fuyuki Yamaguchi, Managing Partner
URL: https://abies.vc/en■ About Mawari
Business: Development and provision of 3D content delivery platform for XR
Headquarters: California, USAOffice in Japan: Shibuya Tokyo, Japan

Representative: Luis Oscar Ramirez Solorzano, co-Founder and CEO
URL: https://mawari.io/Please direct all official enquiries regarding this press release to:Fuyuki Yamaguchi, Abies Ventures, Inc.
Landwork Aoyama Building 2nd Floor, 2-7-26 Kita-aoyama, Minato-ku Tokyo 107-0061 Japan
E-mail: info@abies.vc