Earlier this year, Space and Time announced their Series A funding round, raising $20M to “bring the verifiability of blockchain to AI applications.” This is in addition to their previous funding round (also $20M), led by M12, Microsoft’s Venture Fund.
In this edition of Founders Feature, we sat down with Nate Holiday, Co-Founder and CEO of Space and Time, to learn more about the growing Web3 and AI space and the crucial layer of verifiability in its success. Here’s what he had to share:
What inspired you to start this company?
Nate: We started Space and Time to give power back to internet users by creating a system where data is secure, transparent, and tamperproof. Our goal is to ensure that individuals can trust the security of their personal data, and businesses can prove to their stakeholders that the processes using that data are accurate and reliable. By doing this, we aim to build a future where data can’t be manipulated or altered, providing greater confidence in both personal and business-level data operations.
What has been your strategy for acquiring customers?
Nate: We’ve focused on providing a new database compute platform so applications and business data processes can be verified with an added layer of security. We’ve seen a lot of demand for a verifiable database solution across Web3, AI, and enterprise applications. With the increasing role of AI in essentially every industry, we don’t anticipate that demand to slow anytime soon.
How do you foster a positive and productive company culture?
Nate: We empower everyone to make decisions and act. Our culture values constant learning with a bias for action. Ownership of work is key, and people must be enabled to decide, act, and deliver quickly to ensure progress and fast product releases. It’s the only way to keep pace with this constantly evolving industry.
How do you decide which investors to bring on board?
Nate: What we look for is fairly straightforward: a high level of integrity, a large distribution channel, and influence in developing new markets. All of these are critical for our growth and credibility as a growing player in the highly competitive Web3 and AI spaces.
If you could change one thing about your industry, what would it be?
Nate: In my opinion, there’s a great need to improve business acumen. The data industry and Web3 are filled with technical experts, but data is also a critical business asset. Raising business acumen across the board will help data drive better business results with more of the business-related end goals in mind for those decision makers.
