Los Angeles-based Space and Time (SxT) Labs has secured $20 million in a Series A funding round, boosting its total capital to $50 million. The company is focused on developing a verifiable compute layer that seamlessly integrates artificial intelligence (AI) with blockchain technology.
The funding round was spearheaded by Framework Ventures, with additional investments from Lightspeed Faction, Arrington Capital, Hivemind Capital, Microsoft’s M12 Ventures, DCG, and Okx Ventures.
According to the company, the new funds will be allocated toward enhancing engineering capabilities, accelerating product development, and expanding community outreach. SxT’s innovative network employs blockchain indexing, a data warehouse, and a zero-knowledge (ZK) coprocessor to deliver verifiable data processing solutions.
Their proprietary Proof of SQL technology aims to offer trustless data processing, which SxT believes is essential for the next generation of decentralized applications (dApps). The company is also collaborating closely with Microsoft to create AI-driven applications, addressing key infrastructure challenges in both decentralized finance (DeFi) and traditional finance.
“SxT is dedicated to equipping the community with the necessary tools to shape their future in an AI-driven world by building the next generation of applications at the crossroads of AI and blockchain,” said Nate Holiday, co-founder and CEO of SxT, in a statement released on Tuesday.
