Space and Time Labs Raises $20 Million to Bridge AI and Blockchain
Microsoft-backed startup Space and Time Labs has secured $20 million in Series A financing, boosting its total funding to $50 million. The funds will accelerate engineering, product development, and community growth. The company aims to equip developers with tools and infrastructure to enhance applications at the intersection of artificial intelligence and blockchain. As AI continues to evolve, blockchain's capability to authenticate data could mitigate risks associated with AI proliferation. Space and Time recently released Proof of SQL, a groundbreaking zero-knowledge coprocessor for trustless data processing, and is developing verifiable large language models. The latest funding round saw participation from Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital, highlighting the industry's belief in blockchain's critical role in advancing both DeFi and AI applications.
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