Space and time are making smart moves in AI and Blockchain. They recently raised $20M in Series A funding. Read on to learn the context of this funding and what it means for SxT.
This successful funding puts Space and Time at the forefront of AI and Blockchain, enabling a better user digital experience.
What’s the Big Deal About Space and Time?
This platform is like the powerhouse or engine room for the next generation of AI and blockchain applications. They are working on a ‘Verifiable compute layer‘ where AI and blockchain can work together in a transparent setting without flops.
This verifiable computing layer will make it easier for developers to build apps that fuse AI and blockchain technology. Whatever applications developers create using this function will be secure and reliable. So, who is backing and supporting this investment?
Source: X
Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital are all behind the $20M Series A round. If you know much about venture capital, you’ll know that these top players have a thing for solid projects.
That’s not the end of the list. Microsoft’s M12 Ventures, DCG, F-Prime Capital, and Circle Ventures also support SxT. Last year, with Microsoft’s M12 backing, the company secured $20 million in funding rounds.
Why This Funding Matters
This funding is crucial because it will help SxT continue developing its technology and expanding its community. They want to use the funds to speed up engineering and product development.
Source: X
With this, more innovative tools and applications are coming down the pipeline. They’re focusing on growing their ecosystem and getting more developers, users, and partners involved in what they’re building.
The Bigger Picture: AI, Blockchain, and Equity
What’s particularly exciting about SxT is its commitment to creating a more fair future. AI is changing everything—from how we work to how we interact with the world around us. But with great power comes great responsibility, and SxT ensures this new AI-powered world is fair and accessible to everyone. Combining AI with blockchain gives communities the tools to create and control their digital futures.
SxT empowers people to build the next generation of apps—whether in finance, gaming, DeFi, or any other area where trustworthy data is the goal. They allow their developers to connect analytics to smart contracts, creating AI-driven applications.
Source: X
What’s Next for SxT?
With this new funding, SxT is set to continue innovating at the intersection of AI and blockchain. One of their latest developments is the ZK coprocessor, a fancy term for a tool that allows for trustless data processing at scale. In simple terms, they can now handle large sets of data without the need for a central authority.
And that’s only one example. SxT is also working with Microsoft on developing AI-powered app solutions that could improve the tech industry.
Source: X
Conclusion
Space and Time’s recent $20 million Series A funding is more than a financial boost. It indicates that the company is on the right track to becoming a major player in AI and blockchain. With the backing of top VCs and a strong commitment to future growth, SxT is well-positioned to lead the charge in this exciting new era of technology.
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