Space and Time
, a blockchain data platform, raised $20 million
in strategic funding led by M12, Microsoft's venture capital arm. The news comes two months after Space and Time raised $10 million in a seed round, and shortly before the alpha release of the data platform at the end of 2021.
Other investors in the strategic round included Framework Ventures (who led the seed round), HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard the Avalanche Fund, Hash Capital and Coin DCX, among others.
Space and Time combines on-chain and off-chain data in a trustless environment that supports enterprise-scale analytics. The startup is also developing a novel cryptographic protocol called proof of SQL that would allow blockchain applications to rapidly generate analytical insights in a decentralized, low-cost and secure way.