New York City, USA, September 27, 2022, Chainwire

space and timea Web3-native data platform that enables trustless automation of business logic via patent-pending Proof-of-SQL cryptography, has secured $20 million in strategic funding from major investors led by Microsoft’s M12 fund.

Other investors participating in the funding round include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard the Avalanche Fund, Stratos, Hash Capital, Coin DCX, and several leading Web3 communities and angel investors. Space and Time previously raised $10 million in a seed funding round led by crypto investment firm Framework Ventures.

“We are excited to announce strategic support from M12 and Microsoft, and extend our partnership with Chainlink.” said Nate Holiday, co-founder and CEO of Space and Time. “We are committed to automating the world’s business logic by connecting smart contracts directly to the Space and Time data store to enable new and advanced use cases in Web3.. Space and Time sits at the intersection of on-chain and off-chain data computation and we are excited to work with world-class data partners to build the next-generation data ecosystem for both. decentralized applications and companies at scale around the world.”

Space and Time unites on-chain and off-chain data in a trustless environment that drives low-latency transactions and enterprise-scale analytics. The protocol’s decentralized data storage capabilities enable the creation, joining, and querying of immutable and mutable tables with cryptographic guarantees, all within Space and Time’s next-generation data platform.

The funds will be used to speed up engineering and product development. Over 90% of the funding will be dedicated to the product and customer adoption of Space and Time.

Providing familiar business tools that process volumes of data much larger than current on-chain capacity is required to unlock new use cases for Web3. Space and Time is on a mission to make smart contracts more robust by connecting them to enterprise database capabilities using their novel cryptography.

Space and Time will allow business logic in centralized systems to be automated and directly connected to smart contracts. As a platform and tools company, Microsoft is committed to supporting its partners and customers with their technology needs, including Web3 use cases and scenarios.

Space and Time will integrate with Microsoft Azure to provide Azure customers with a gateway to access, manage, and perform analytics on native blockchain data. Microsoft Azure’s comprehensive cloud platform and industry-leading security and identity capabilities provide a trusted set of services for building and running Web3 applications in this new era of ubiquitous computing.

“We look forward to seeing the ways that Space and Time will enable business logic in centralized systems to be automated and directly connected to smart contracts.”, said Michelle González, Corporate Vice President and Global Director of M12. “As blockchain technology finds applications in a wide range of industries, Space and Time is laying the groundwork to shape this work in a Web3 environment. M12 looks forward to partnering on that journey.”

As part of the Getting Started with Chainlink program, Space and Time will work closely with Chainlink to extend the capabilities of hybrid smart contracts to power the trustless web. The platform will enable blockchain developers to build multi-chain dApps and rapidly generate analytics in a decentralized, cheap and secure way.

“We are proud to support Space and Time through the Startup with Chainlink program in their mission to build a decentralized data store and bridge the on-chain and off-chain worlds with Chainlink oracles. With the total addressable market for trusted applications dwarfed by trillions of dollars, providing core infrastructure to Web3 developers is crucial to scaling and meeting this global demand,” said Sergey Nazarov, Co-Founder of Chainlink.

About space and time

space and time, www.spaceandtime.io, is the first Web3-native decentralized data store that connects on-chain and off-chain data to deliver broad enterprise-grade use cases for smart contract applications. Developed as part of Chainlink Labs’ Getting Started with Chainlink initiative, the platform gives users and developers the ability to connect analytics directly to smart contracts through novel SQL proof cryptography, opening up a whole new set of use cases and business logic for smart contracts. Space and Time is built from the ground up as a multi-chain data platform for Web3 developers on DeFi and Web3 games, or any project that needs state-of-the-art analytics.

For more information visit: https://www.spaceandtime.io/

For media inquiries, contact: Spencer Reeves, marketing@spaceandtime.io

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of intelligent cloud and intelligent edge. Their mission is to empower every person and every organization on the planet to achieve more. https://www.microsoft.com/

About M12

M12, the Microsoft venture fund, works to accelerate the future of technology through significant investments, insights, and partnerships with Microsoft. We invest in enterprise software companies primarily in the Series A and Series B funding stages, with a focus on autonomous systems, cloud infrastructure, cybersecurity, DevOps, digital health and life, vertical SaaS and Web3, metaverse, and gaming technologies. . As part of its value-add portfolio companies, M12 empowers entrepreneurs with capital, customer connections, and deep access to the Microsoft ecosystem and leadership. M12 has offices in San Francisco, Seattle, London, Tel Aviv, Singapore, and Bangalore. https://m12.vc

About Chainlink

Chainlink is the industry standard for building, accessing, and selling Oracle services needed to power hybrid smart contracts on any blockchain. Its Oracle Networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable feature-rich applications. Chainlink currently secures tens of billions of dollars in DeFi, insurance, gaming, and other major industries, offering global businesses and major data providers a universal gateway to all blockchains.

For more information visit: https://chain.link/

Contact

• nadav dakner
• nadav@marketacross.com