Cypher Capital, a distinguished multi-strategy cryptocurrency investment firm, has proudly declared its pivotal participation in a $20 million Series A funding round for Space and Time (SxT) Labs. This significant round also saw contributions from other renowned investment entities including Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital. Noteworthy additional backers in this round were Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures, and Alumni Ventures, among several others.

This substantial Series A funding surge boosts Space and Time’s total investment portfolio to an impressive $50 million. This milestone underscores the robust confidence and support from both the industry and the wider investment community in SxT’s visionary approach and technical prowess. The capital injection is earmarked to accelerate engineering and product innovation, foster ecosystem expansion, and strengthen community engagement initiatives.

Harsh Agarwal, the Investment Lead at Cypher Capital, commented on the firm’s strategic decision: “We continuously seek out projects poised to make profound impacts across the industry. Space and Time’s groundbreaking methodology of integrating artificial intelligence with blockchain technology aligns seamlessly with our investment strategy aimed at propelling transformative solutions. We are confident that their compute layer will be instrumental in shaping the future landscape of decentralized applications and trustless data processing.”

This recent investment follows a prior strategic funding round led by Microsoft’s M12 Ventures in September 2022. Space and Time’s comprehensive technology suite boasts features like extensive blockchain indexing from leading chains such as Ethereum, Bitcoin, and Polygon. Their advanced data warehouse facilitates the integration and analysis of both blockchain and offchain data using SQL-based tools. Moreover, their innovative Proof of SQL zero-knowledge coprocessor ensures scalable and trustless data processing. The team at SxT, composed of top-tier experts in AI, blockchain, and cryptography, is pushing the boundaries of the field through their collaboration with Microsoft’s AI Co-Innovation Lab to explore new horizons in generative AI solutions.

About Cypher Capital

Cypher Capital is a prominent early-strategy venture firm dedicated to investing in Web3 infrastructure and applications that are set to drive the burgeoning digital economy. Guided by stringent environmental, social, and governance (ESG) principles for every investment decision, Cypher Capital is actively shaping the future of digital currency, public markets, and the broader Web3 ecosystem.

Space and Time (SxT) serves as the verifiable compute layer for AI x blockchain applications, combining tamperproof onchain and offchain data to deliver robust enterprise use cases for smart contracts and large language models (LLMs). SxT has pioneered a novel cryptographic technique known as Proof of SQL, which enables developers to link analytics directly to smart contracts. This breakthrough opens up a plethora of powerful new use cases and business logic within blockchain technology. Designed from inception as a multichain data platform, SxT caters to developers across sectors such as financial services, gaming, decentralized finance (DeFi), or any project necessitating verifiable data across enterprise, blockchain, and AI domains.