Microsoft-backed Space and Time Raises $20M, Total Funding Reaches $50M

Aug 27, 2024, 02:25 PM

Space and Time, a Microsoft-backed AI and blockchain startup, has successfully raised $20 million in a Series A funding round, bringing its total funding to $50 million. The company, known for its verifiable compute layer that seamlessly integrates AI and blockchain, aims to empower users to build sophisticated, data-driven applications. This funding marks a significant milestone for Space and Time as it continues to innovate in the AI and blockchain intersection by providing tools that ensure data verifiability and immutability. The strategic partnership with OKX Ventures further strengthens its position in the market. A leap forward for smart contracts is achieved by bringing AI programmability on-chain with lightning-fast ZK proofs.