Dubai, UAE – Cypher Capital, a prominent multi-strategy investment firm in the cryptocurrency space, has spearheaded a $20 million Series A funding round for Space and Time (SxT) Labs.
This round also saw significant contributions from leading investment firms including Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital, along with key players like Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, and Alumni Ventures, among others.
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$50 Million in Total Investment
With this latest funding, Space and Time has now secured a total of $50 million in investment, underscoring strong support from both the industry and investment community. The new capital will be allocated towards advancing engineering and product development, expanding ecosystem growth, and strengthening community engagement efforts.
Harsh Agarwal, Investment Lead at Cypher Capital, shared his enthusiasm about the investment, stating:
“We are consistently searching for projects poised to make a substantial impact on the industry. Space and Time’s innovative fusion of AI and blockchain technology fits perfectly with our strategy of investing in groundbreaking solutions. We believe their compute layer will be crucial in shaping the future of decentralized applications and trustless data processing.”
Harsh Agarwal, Investment Lead at Cypher Capital
This investment follows a previous strategic funding round led by Microsoft’s M12 Ventures in September 2022. Space and Time’s technology suite is distinguished by its comprehensive blockchain indexing capabilities across major chains like Ethereum, Bitcoin, and Polygon.
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Powerful Data Warehouse and Innovative Technology
It also features a powerful data warehouse for integrating and analyzing blockchain and offchain data with SQL-based tools, as well as the pioneering Proof of SQL, a zero-knowledge coprocessor that facilitates scalable and trustless data processing. The team, comprised of leading experts in AI, blockchain, and cryptography, is further advancing the field through a partnership with Microsoft’s AI Co-Innovation Lab, pushing the boundaries of generative AI solutions.
For more information, visit Cypher Capital’s website and Space and Time’s website.
About Cypher Capital
Cypher Capital is a leading early-stage venture firm dedicated to investing in Web3 infrastructure and applications that drive the digital economy forward. The firm’s investment decisions are guided by environmental, social, and governance (ESG) principles, as it continues to shape the future of digital currency, public markets, and Web3 technologies.
About Space and Time
Space and Time (SxT) is an innovative verifiable compute layer designed for integrating AI with blockchain technology. By combining tamperproof on-chain and off-chain data, SxT enables new enterprise use cases for smart contracts and large language models (LLMs). Its novel Proof of SQL cryptography allows developers to connect analytics directly to smart contracts, unlocking a range of new applications and business logic on blockchain. SxT is built as a multichain data platform, serving developers across financial services, gaming, DeFi, and other sectors requiring verifiable data integration.
