Blockchain Data Warehouse Space and Time Raises $20M Series A to Accelerate Development of AI Tools
The funding round, which brings Space and Time's total backing to $50 million, was led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital
Updated Aug 27, 2024, 8:59 p.m. Published Aug 27, 2024, 4:58 p.m.
Space and Time (SxT), a blockchain-native data warehouse that incorporates artificial intelligence (AI) tools to build applications using its data, has raised $20 million in Series A funding.
The funding round, which takes SxT's total backing to $50 million, was led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital, according to an emailed announcement on Tuesday.
The company's aim is to decentralized ownership of the data which powers AI-based applications, thus preventing a few powerful entities from dominating the sector.
SxT's network comprises data collected from the major blockchains such as Bitcoin and Ethereum, off-chain datasets with a zero-knowledge coprocressor which processes the data at scale.
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Jamie Crawley
Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.
