Microsoft-backed Space and Time Raises $20M in Series A, Total Funding Reaches $50M for AI and Blockchain

Aug 27, 2024, 06:34 PM

Space and Time, an AI and blockchain startup backed by Microsoft, has successfully raised $20 million in a Series A funding round, bringing its total funding to $50 million. The company aims to integrate artificial intelligence with blockchain technology, providing a verifiable compute layer that bridges on-chain and off-chain data. Space and Time has developed a novel cryptography called Proof of. The funding round was led by Framework, Lightspeed Faction, Arrington Capital, and Hivemind, with participation from M12, DCG, Circle Ventures, OKX Ventures, and F-Prime. Space and Time is focused on empowering communities to build data-driven applications and enhancing trust in decentralized systems through verifiable queries. The company has also made contributions to Avalanche, and its efforts were featured in FortuneMagazine.