Space and Time is a technology company.
Space and Time has raised $50.0M across 3 funding rounds.
Space and Time has raised $50.0M in total across 3 funding rounds.
Space and Time has raised $50.0M in total across 3 funding rounds.
Space and Time's investors include Alumni Ventures, Framework Ventures, Paradigm, Polychain Capital, M12, Vertex Ventures Israel, Zeev Capital.
Space and Time is a Web3 technology company building a decentralized data warehouse and blockchain indexing platform that enables verifiable SQL queries on blockchain and off-chain data using its patented Proof of SQL cryptographic protocol.[1][5] It serves blockchain developers, DeFi applications, and AI-driven projects by solving the problem of tamper-proof, high-speed data access and analytics, replacing traditional centralized databases like Snowflake with a scalable, ZK-secured alternative.[1][3][4] The platform has raised $50M total funding, including a $20M Series A in 2024 led by Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind, with prior backing from Microsoft's M12; it powers data for smart contracts, dApps, and AI models while running on Microsoft Azure infrastructure.[1][3][4]
In late 2024, Space and Time evolved by launching the independent Space and Time Foundation to oversee network decentralization, governance, and ecosystem growth, with original developer Space and Time Labs rebranding to MakeInfinite Labs for ongoing ZK research and integrations.[2]
Space and Time was founded by CEO Nate Holiday and CTO Scott Dykstra, who identified the need for verifiable, fast analytics on blockchain data amid rising DeFi demands and AI manipulation risks.[1][4] The idea emerged from building a decentralized data warehouse akin to Snowflake but optimized for blockchain's immutability, starting with sub-second ZK coprocessor for SQL (Proof of SQL) to enable tamperproof queries on dApps, blockchains, and off-chain systems.[1][2][4]
Early traction came via Microsoft M12's $20M investment in 2022, positioning it as a Web3 data indexer; pivotal moments include partnerships with Microsoft Azure for AI-enhanced querying and a $20M Series A in 2024 to expand into AI-blockchain convergence.[3][4] By late 2024, the launch of the Space and Time Foundation marked a shift to decentralized stewardship, with MakeInfinite Labs (formerly Space and Time Labs) continuing core innovations.[2]
Space and Time rides the convergence of AI and blockchain, addressing AI's data transparency gaps—like deepfakes and unverifiable training data—by providing immutable, ZK-proven datasets for onchain finance and AI models.[1][3][4] Timing aligns with DeFi's data explosion and hyperscaler competition (e.g., Microsoft vs. AWS/Google), where verifiability secures financial ops amid regulatory scrutiny.[3][4]
Market forces favoring it include blockchain's immutability solving AI trust issues, plus crypto VC resurgence; it influences the ecosystem by empowering dApps with SQL-powered smart contracts and fostering Web3-AI tools, as seen in FTI Technology's blockchain analysis pilots.[3][4]
Space and Time is poised to dominate as the data layer for ZK-secured AI and DeFi, with the Foundation accelerating decentralization and MakeInfinite Labs pushing enterprise AI integrations.[2][3] Upcoming trends like broader ZK adoption and AI data provenance will amplify growth, potentially evolving it into a core primitive for onchain apps and verifiable AI economies.[1][4] As blockchain meets AI at scale, its Microsoft ties and funding position it to redefine data infrastructure—turning raw blockchain signals into actionable, trusted intelligence for the next wave of decentralized innovation.[3][4]
Space and Time has raised $50.0M across 3 funding rounds. Most recently, it raised $20.0M Series A in August 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2024 | $20.0M Series A | Alumni Ventures, Framework Ventures, Paradigm, Polychain Capital | |
| Sep 1, 2022 | $20.0M Venture Round | Framework Ventures, M12, Paradigm, Vertex Ventures Israel, Zeev Capital | |
| Jul 1, 2022 | $10.0M Seed | Framework Ventures, Paradigm |