Spice AI offers a developer-first platform (Spice.xyz) that provides SQL access over high-performance Apache Arrow APIs to extract time-series data from blockchains. The platform is in Preview with Bitcoin, Ethereum, and ENS datasets and is working to add Solana and Polygon. It targets the complexity of running blockchain nodes, ETL, data lakes, and ML pipelines so developers can build intelligent distributed Web3 apps without managing that infrastructure. The company emphasizes real-time insights from time-series data for use cases from retail buying-pattern analysis to fraud detection and securities trading. Spice AI plans to grow its team and is building an office in greater Seattle while maintaining a footprint in Asia and Australia. Financially, the company announced a $13.5M seed round and states it has raised $14.5M in funding since 2021. Founders Luke Kim and Phillip LeBlanc bring experience from Microsoft and GitHub and the company is actively hiring. Spice AI provides a developer-focused platform intended to simplify embedding AI/ML into production applications by surfacing primitives like reward functions and reusable manifests. The company emphasizes reward functions that let developers specify what an algorithm should optimize for, and is building a package manager called the Spicerack so developers can publish and reuse reward-function manifests. Spice AI is launching as an open-source project and plans a commercial edition with enterprise support, plus a hosted offering and private registries (called Spicepods) for enterprises. The target customers are professional developers rather than data science teams. The founding team includes CEO Luke Kim and CTO Phillip LeBlanc, who have prior engineering experience at Microsoft on projects including Dapr, Azure Active Directory, Visual Studio App Center and GitHub Actions. The company recently raised a $1 million seed round to support its early development and go-to-market efforts.

Total raised

$15M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2022