Artificial intelligence (AI) verifiable compute layer Space and Time (SxT) raised $20 million in its Series A funding round.
According to an Aug. 28 announcement, the funding round saw the participation of venture capital firms Cypher Capital, Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, Alumni Ventures and others. With this latest round, the total raised by Space and Time reached $50 million.
Per the announcement, the newly raised funds will be spent on engineering and product development, enhancing ecosystem growth and community engagement. Harsh Agarwal, Investment Lead at Cypher Capital said:
“We are always on the lookout for projects that stand to make a significant impact across the industry. […] Space and Time’s innovative approach to integrating AI with blockchain technology aligns perfectly with our investment strategy to advance transformative solutions. We are sure their compute layer will play a pivotal role in shaping
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