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Fortune
Fortune
Leo Schwartz

Exclusive: Microsoft-backed Space and Time raises $20 million to merge AI and blockchain

As AI continues its dominance of corporate attention—and venture capital investment—the once-beloved sector of blockchain has sometimes felt like a spurned child. Still, many crypto proponents argue that blockchain can still solve the most pressing problems posed by AI, from confirming personhood to preventing deepfakes. That's why one startup, Space and Time, is building software to bring the immutability of blockchain to AI applications—and it will have ample resources to build out its vision, with a $20 million Series A led by the crypto-focused venture firms Framework Ventures, Lightspeed Faction, Arrington Capital, and Hivemind Capital.

Space and Time previously raised an earlier $20 million led by Microsoft's M12 Ventures, which also participated in the Series A, in September 2022.

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