2024-08-28T03:56:07
We at Dispersion Capital are excited to announce our continued investment in Space and Time (SxT), which has just closed a $20 million Series A funding round led by Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital. This round brings SxT’s total funding to $50 million. It marks a significant milestone in its evolution, from solving data infrastructure challenges to pioneering a new frontier in AI and blockchain integration.
Space and Time began with a clear focus: addressing the data problems inherent to the blockchain ecosystem. Early on, they identified major challenges—data fragmentation, high latency, and the need for cryptographic verification of data used in smart contracts. To tackle these issues, SxT built a decentralized data platform combining blockchain indexing, data warehousing, and Proof of SQL, a protocol that guarantees tamperproof query execution. This foundation was critical in creating a reliable, scalable data infrastructure tailored for Web3 applications.
As the ecosystem grew, SxT saw that providing data wasn’t enough. The demand for integrating AI with blockchain—while ensuring the same level of trust and security—presented a new set of challenges. Leveraging its strong data infrastructure, SxT expanded into verifiable AI by developing its ZK coprocessor. This innovative technology directly integrates zero-knowledge proofs into AI computations, enabling AI models to operate within a fully decentralized, trustless environment. It’s a breakthrough that solves a crucial problem: making AI outputs verifiable and secure like blockchain data.
The ZK coprocessor is a core part of SxT’s new focus. It embeds cryptographic proofs into every step of AI model processing, ensuring accurate and tamperproof computations. This capability is essential for decentralized applications that rely on AI—whether in DeFi, gaming, or autonomous smart contracts—where the consequences of unverified computations could be significant. The coprocessor guarantees that every action taken by an AI model is fully transparent and verifiable on-chain, which has been missing in the decentralized world until now.
By combining this ZK coprocessor with their existing Proof of SQL protocol, SxT is creating a comprehensive, verifiable compute layer that serves data and AI needs. This approach allows developers to build applications that harness the power of AI without compromising on security or integrity, effectively bridging a gap that has long existed between AI and blockchain technologies.
The new funding will accelerate the development of SxT’s AI tools and further enhance their ZK capabilities. Strategic partnerships with Microsoft, NVIDIA, and Chainlink are already crucial in supporting SxT’s growth, providing cutting-edge resources, and expanding its technological reach. These collaborations enable SxT to push the boundaries of decentralized AI, leveraging high-performance computing and secure data integration across blockchain networks.
SxT’s continued innovation is not just a technical advancement; it’s a necessary evolution for the broader ecosystem. Their work addresses fundamental issues in how AI can be securely used within blockchain environments, setting new standards for verifiable data and AI processing crucial for the next generation of decentralized applications.
As an early seed investor, Dispersion Capital has been part of Space and Time’s journey. Our belief in their technical vision has only deepened as they’ve grown from a data infrastructure provider into a leader at the intersection of AI and blockchain. SxT’s trajectory demonstrates the importance of foundational innovation in achieving long-term impact. What began as a solution to blockchain’s data challenges has evolved into a critical platform for verifiable AI.
You can revisit our original post here for more on our initial investment and insights into SxT’s early days. We proudly support Space and Time as they continue to innovate and redefine what’s possible in the decentralized world.
SxT’s advancements are not about flashy buzzwords—they’re about solving real, technical problems that have held back the integration of AI and blockchain. As they continue to expand their platform, the impact of their work will be felt across the entire space, setting a new benchmark for trustless, verifiable computing in Web3.