SxT Labs has just raised $20 million in Series A funding, led by Framework Ventures, which is a significant step forward for blockchain technology. Prominent investors such as Lightspeed Faction, Arrington Capital, Hivemind Capital, Microsoft’s M12 Ventures, and OKX Ventures have joined the financial frenzy.
SxT Labs, renowned for its innovative method of fusing blockchain technology with artificial intelligence, is transforming data verification with its proof-of-SQL technology. This cutting-edge solution transforms the way decentralized finance (DeFi) and other blockchain applications handle data by enabling smart contract authors and businesses to guarantee data integrity in real-time.
Using SQL queries, the company’s software enables smooth examination of both traditional and blockchain databases. Since the beginning of its beta phase in April 2023,SxT Labs generates an incredible $4.5 million in recurring revenue annually and has processed over 5.3 billion database requests.
With a focus on efficiency and reliability, SxT Labs aims to realize the vision of a future in which traditional trust mechanisms play a less important role. With its cutting-edge technologies, SxT Labs is positioned to lead the way as blockchain and AI continue to advance.
Keep an eye out as SxT Labs redefines the digital world and establishes new benchmarks for data integrity as it pushes the limits of blockchain and artificial intelligence.
