Los Angeles – Space and Time (SxT) Labs, the trailblazing force behind the verifiable compute layer, has just locked in $20 million in Series A funding. This fresh infusion, led by Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital, propels SxT’s mission to revolutionize the intersection of AI and blockchain. With this round, SxT’s total funding now stands at an impressive $50 million.
This Series A is a strategic leap forward. The funds will accelerate engineering, product development, and community engagement, solidifying SxT’s position as a leader in the 'AI x blockchain' space.
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Backing from the Best
The round drew participation from industry heavyweights, including Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, and Alumni Ventures, among others. This comes on the heels of a $20 million strategic round led by M12 in September 2022, further cementing confidence in SxT’s vision.
“We’re beyond excited to announce this Series A, backed by world-class investors who share our vision for an equitable AI future. At Space and Time, we’re empowering communities to shape their future in an AI-driven world, equipping them with the tools to build next-gen applications that bridge AI and blockchain.”
Nate Holiday, Co-Founder & CEO of SxT
Blockchain is more than just a buzzword—it’s the foundation for true community ownership. As AI continues to disrupt industries, SxT is at the forefront, enabling individuals to create, deploy, and monetize their own applications. This paves the way for a fairer economic landscape, where the power truly lies with the creators.
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The Power Trio: SxT’s Core Technologies
SxT is driving this innovation with three cornerstone technologies:
Blockchain Indexing: Collecting and offering comprehensive data from major chains like Ethereum, Bitcoin, ZKsync, Polygon, Sui, Aptos, and Sei, at no cost to developers.
Data Warehouse: Now generally available, it stores both on-chain data and customer-loaded off-chain datasets, ready for analysis with SQL. The warehouse has seen explosive growth, with over 5.3 billion database requests monthly and a 300% spike in annual recurring revenue (ARR) over the past year.
ZK Coprocessor: June marked the release of Proof of SQL, the first sub-second zero-knowledge (ZK) coprocessor, unlocking trustless data processing at scale. SxT is working closely with enterprise partners to develop verifiable large language models (LLMs) using this groundbreaking tech.
The SxT team is a powerhouse of AI and cryptography experts, already making waves across the tech landscape. Microsoft, a key partner, has been collaborating with SxT through the Microsoft AI Co-Innovation Lab to push the boundaries of generative AI tools. Together, they’re crafting next-gen solutions for AI-powered app development.
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Investor Confidence Remains Strong
“We’ve believed in SxT from the start, especially given their commitment to solving blockchain’s infrastructure needs,” said Michael Anderson, Co-Founder of Framework Ventures. “Their work with Proof of SQL is crucial for ensuring that applications running on centralized databases can no longer be tampered with. SxT is a game-changer for both the DeFi world and beyond.”
About Space and Time
Space and Time (SxT) is the verifiable compute layer bridging AI and blockchain, uniting tamperproof on-chain and off-chain data for enterprise use in smart contracts and LLMs. With its innovative Proof of SQL technology, SxT opens up powerful new use cases and business logic in blockchain technology. From financial services to gaming and DeFi, SxT is the multichain data platform developers need for verifiable data across the enterprise, blockchain, and AI spectrum.
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About Framework Ventures
Framework Ventures is a leading VC firm in the crypto industry, known for its early investments in multi-billion dollar protocols across DeFi and web3 gaming. In 2022, the firm raised $400M for its third fund and has since expanded into sectors like web3 gaming, real-world assets, and social crypto. Learn more at: https://framework.ventures.
