Web3 data platform Space and Time has just completed a $20 million funding round in which it received investment from M12, Microsoft’s M12 venture capital fund.
According to the press release, other participants in the round include Framework Ventures, HashKey, Foresight Ventures, SevenX Ventures, Polygon, Blizzard, Stratos, Hash Capital, Coin DCX, as well as several leading Web3 communities and business angels.
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Space and Time automates business logic with proprietary Proof-of-SQL cryptography. According to the project devs, the direct connection of smart contracts to the platform's decentralized data storage provides extensive options for use in Web3.
Space and Time's planned integration with Microsoft Azure will provide the tech giant's customers with access to analytics based on blockchain data.
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The project also has plans to collaborate with the Chainlink platform to expand the capabilities of hybrid smart contracts when operating in a trustless environment.