Thursday, September 28, 2023

Microsoft’s M12 led USD 20M investment in web3 platform Space and Time

By ET Bureau - September 28, 2022 1 Mins Read


Using smart contract technology, Space and Time, a decentralized data platform, has raised USD 20 million in strategic funding. According to reports, Space and Time will use its “Proof-of-SQL” cryptography to enable the automation of business logic in conventional centralized systems and its direct connection to smart contracts.

Additionally, it will integrate the platform with Microsoft Azure to give users a way to access and utilize the Blockchain data on that platform. In addition to Framework Ventures, HashKey, SevenX Ventures, Foresight Ventures, Polygon, and Avalanche’s ecosystem fund Blizzard, investors in the capital raise included Microsoft’s venture fund M12 and others.

Space and Time received USD 10 million in a seed round led by Framework Ventures at the end of July.

Read More: Microsoft’s M12 led $20M investment in web3 platform Space and Time

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