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space and timeWeb3-native decentralized data platform has secured $20 million in a strategic funding round led by Microsoft’s M12 fund.
The company previously raised $10 million in a seed round led by Framework Ventures. Framework Ventures has participated in the latest funding round alongside HashKey, Polygon, Coin DCX and several other Web3 community and angel investors.
Space and Time co-founder and CEO Nate Holiday said the funding will allow the company to gain strategic support from M12 and Microsoft and expand its partnership with Chainlink. The funding will be used to accelerate engineering and product development, with over 90% of his funding going towards product and customer adoption.
Space and Time provides a Web3-native distributed data warehouse that connects on-chain and off-chain data to provide enterprise-grade use for smart contract applications. The company was developed as part of Chainlink’s “Startup with Chainlink” initiative, allowing users to connect analytics directly to smart contracts through her Proof-of-SQL encryption.
We are committed to automating the world’s business logic by connecting smart contracts directly to Space and Time’s data warehouse, which will enable new and advanced use cases with Web3. ‘ said Holiday in a company release. Space and Time is at the intersection of on-chain and off-chain data computation, working with world-class data partners to create the next-generation data ecology for both large-scale decentralized applications and enterprises around the world. We are happy to build the system.
The company integrates with Microsoft Azure to provide Azure customers with a gateway to access, manage, and analyze blockchain-native data. Michelle Gonzales, her vice president and global head of corporate at M12, said Microsoft supports Space and Time to automate her logic in centralized systems and put it directly into smart contracts. I said connect.
Space and Time built a multi-chain data platform for Web3 developers of DeFi and Web3 games. The company will work on expanding the functionality of hybrid smart contracts through its partnership with Chainlink.
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Chainlink co-founder Sergey Nazarov said:
Posted In: Chainlink, Investment
