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Space and Time - Strategic
Overview
Funding Date
September 27, 2022
Financing amount
$20M
Valuation
$300M
Category
Subcategory
About Space and Time - Strategic
Space and Time, a decentralized data analytics platform, secured $20 million in funding from a group of investors led by Microsoft venture capital arm M12, valuing the company at $300 million. The company, which aims to run analytics on data stored on blockchain as well as outside of it for smart contracts, plans to use the funding to hire more engineers, said Nate Holiday, co-founder, Space and Time.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 4 | [email protected] |
Founders & Team
Nate Holiday
Scott Dykstra
Company Profile / Project Introduction
Space and Time, which started as part of a Chainlink Labs program that supports the development of Web3 startups, uses Chainlink and other sources to pull data from blockchains, decentralized applications and off-chain systems. It’s database processes the data off-chain, avoiding high transaction or gas fees and slow throughput, and then transmits the data to a validation layer to be verified. The validated data is sent back on-chain to smart contracts, which is where the blockchain application that requested the data can see the results.