Space and Time Labs Closes $20 Million Series A to Enhance Verifiable Compute Layer

Space and Time (SxT) Labs, based in Los Angeles, has raised $20 million in a Series A funding round, bringing its total funding to $50 million.

Los Angeles-based Space and Time (SxT) Labs has announced raising $20 million in a Series A funding round, bringing the company’s total funding to $50 million. The company is focused on building a verifiable compute layer that integrates artificial intelligence (AI) with blockchain technology.

The latest funding round was led by Framework Ventures, with participation from several prominent investors, including Lightspeed Faction, Arrington Capital, and Hivemind Capital. Microsoft’s M12 Ventures, DCG, and Okx Ventures were also involved in the funding round.

According to the announcement, the capital will be used to further engineering, product development, and community engagement efforts. The SxT network combines blockchain indexing, a data warehouse, and a zero-knowledge (ZK) coprocessor to provide verifiable data processing solutions.

The company’s Proof of SQL technology is designed to enable trustless data processing, which SxT believes is essential for the future of decentralized applications (dapps). Notably, SxT claims to be working closely with Microsoft on developing AI-powered applications, aiming to solve infrastructure challenges in both decentralized finance (defi) and traditional finance sectors.

“Space and Time is committed to empowering the community to own their future in an AI-powered world by providing the tools they need to build next-gen applications at the intersection of AI and blockchain,” Nate Holiday, the co-founder and CEO of SxT, remarked on Tuesday.

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