Space and Time Labs Pulls In $20M Series A

The Series A funding will be used to extend market leadership at the intersection of AI and blockchain. The Series A equity financing brings the company’s total funding to-date to $50 million. The funds from this latest round are intended to accelerate engineering and product development and to enhance ecosystem and community growth.

Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital led the round. Additional participating investors include Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, Alumni Ventures and several other marquee investors. This funding round follows a $20 million strategic funding round led by Microsoft’s M12 Ventures in September of 2022.

Space and Time (SxT) is the verifiable compute layer for AI x blockchain that joins tamperproof onchain and offchain data to deliver enterprise use cases to smart contracts and LLMs. SxT has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. SxT is built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain and AI.

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