Space and Time — Our Follow-On Investment into the Series A
We are excited to officially announce our recent follow-on investment into Space and Time.
OFFICIAL ANNOUNCEMENT here.
We are excited to announce that our portfolio company Space and Time (SxT) has successfully completed its Series A funding round led by Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital. This significant milestone brings SxT closer to realizing its vision of a “Verify Everything” future, and we are thrilled to continue our support by topping up our previous investment in this innovative company.
Space and Time is pioneering a new era in data management and verification within blockchain, AI, and enterprise applications. The company has developed innovative technologies, including the industry’s first sub-second ZK coprocessor, Proof of SQL, which ensures that applications running on centralized databases can be tamper-proof. In addition, SxT has launched a next-generation data warehouse that has seen rapid adoption. To date, the platform has processed over 5.3 billion database requests and 500,000 queries per month on average, demonstrating significant traction and demand across multiple sectors, including DeFi, gaming, and Web3 infrastructure.
At Eterna Capital, we are committed to supporting companies that drive the next wave of innovation in the blockchain space. Space and Time’s approach to addressing critical infrastructure challenges through verifiable data solutions aligns perfectly with our vision of empowering decentralized systems. SxT’s technologies, particularly Proof of SQL, are poised to become essential in developing secure, scalable applications not only within the DeFi ecosystem but also across traditional finance and AI.
With the successful completion of this Series A funding round, SxT is well-positioned to accelerate its engineering and product development efforts, further expanding its ecosystem and community. The capital will also support the launch of new tools and technologies at the intersection of AI and blockchain, where SxT has already begun making significant progress. The company’s recent collaborations with industry giants like Microsoft and NVIDIA promise to bring groundbreaking solutions to market, enhancing the capabilities of developers and enterprises worldwide.
We at Eterna Capital are proud to support Space and Time as they continue to build and innovate in the blockchain space. Their vision of a “Verify Everything” future aligns closely with our commitment to fostering a more secure, decentralized, and equitable digital landscape. With their impressive traction metrics and ongoing development of pioneering technologies, we are confident that SxT will drive the next generation of blockchain applications, and we are excited to be part of their journey toward a transformative future.
About Space and Time
Space and Time (SxT) is the verifiable compute layer for AI x blockchain that joins tamperproof onchain and offchain data to deliver enterprise use cases to smart contracts and LLMs. SxT has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. SxT is built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain and AI.
For more information, visit https://www.spaceandtime.io/ or follow them on Twitter.
About Eterna Capital
Eterna Capital is an investment company focused on blockchain technology. Eterna Capital supports entrepreneurs that envision bold innovative ideas, and have the plan in place to make them happen. Eterna Capital is committed to help them reach their ambitious goals by providing unique insights and support.
For more information, visit www.eternacapital.com or follow us on LinkedIn and Twitter.
Disclaimer: This post is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice, or investment recommendations. This post reflects the current opinions of the authors and does not necessarily reflect the opinions of Eterna Capital, its affiliates, or individuals associated with Eterna Capital. The opinions reflected herein are subject to change without being updated.
