TechFlow news, on August 27, according to Fortune, blockchain data platform Space and Time has raised $20 million in a Series A funding round led by Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital, with participation from Microsoft's M12 Ventures. The company aims to bring blockchain's immutability into AI applications to address the verifiability challenges posed by AI.
Nate Holiday, co-founder and CEO of Space and Time, said that in an AI-driven world, distinguishing between content generated by AI and that created by humans or enterprises is becoming crucial. The company's technology is designed to ensure verifiability, trustworthiness, and transparency in AI application outputs. Initially positioned as a decentralized version of the data storage service Snowflake, Space and Time provides fast data retrieval services for blockchain applications such as DeFi that require storing large amounts of user information.
