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Spice AI

Web3 data platform enabling SQL queries

Overview

Spice AI provides an enterprise-grade platform, Spice.xyz, that gives developers built-in access to web3 data and AI infrastructure. It lets users query blockchain data with standard SQL and get results in seconds as JSON or Apache Arrow, making it easy to plug into applications, machine learning models, or data science workflows. The service removes the burden of building and managing complex data and infrastructure, delivering a scalable SaaS solution for data-driven web3 applications. Unlike more generic data platforms, Spice.xyz targets developers with a web3 focus and aims to cut both time and cost compared to building proprietary systems in-house. The company’s goal is to enable fast, cost-effective access to blockchain information so developers can build, train, and deploy AI-powered applications at scale.

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About Spice AI

Simplify's Rating
Why Spice AI is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareCrypto & Web3AI & Machine Learning

Company Size

11-50

Company Stage

Seed

Total Funding

$14.5M

Headquarters

Seattle, Washington

Founded

2021

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What believers are saying

  • Spice reported 1.6K to 24K QPS point-lookups on October 2, 2026.
  • October 2026 added high-throughput MySQL analytics replicas, Slack alerts, and AI issue categorization.
  • Spice achieved SOC 2 Type II compliance and launched in AWS Marketplace.

What critics are saying

  • Spice v2.4.0 deprecated other accelerators for removal in v2.5, forcing customer migrations.
  • Cayenne depends on DataFusion v55 and Arrow v59.3, so upstream shifts can break product differentiation.
  • AWS Marketplace and open-source releases commoditize Spice against Databricks, Snowflake, and Postgres extensions by 2027.

What makes Spice AI unique

  • Spice v2.4.0, October 27, 2026, made Cayenne the default accelerator across datasets and views.
  • Its OpenAI-compatible /v1/decisions API turns SQL into model decisions, blending analytics and AI.
  • Spice ships open-source runtime releases alongside cloud deployments, then validates monitors and alerts automatically.

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Funding

Total Funding

$14.5M

Above

Industry Average

Funded Over

0 Rounds

Benefits

  • Flexible Work Hours
  • Professional Development Budget
  • Conference Attendance Budget
  • Remote Work Options
  • Company Equity
  • Mental Health Support
  • Wellness Program

Company News

Utiliti
Jul 23rd, 2024
Utiliti Group Portfolio - Diverse Tech Startup Investments

Explore the diverse range of tech-enabled startups backed by Utiliti Group. Our portfolio highlights our commitment to fostering innovation and scalable growth.

Intelligence360
Sep 26th, 2022
Seattle Washington Based Spice Ai Is Raising $14,599,155.00 In New Equity Investment.

Seattle, WA – According to filings with the U.S. Securities and Exchange Commission, Spice AI is raising $14,599,155.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Tae Kim played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development. About Spice AI

Tech News Tab
Sep 9th, 2022
Madrona Ventures invests into Spice AI in $13.5M

SpiceAI, a Web3 startup that is creating technologies for developers to build the future of intelligent applications, closed a $13.5 million seed round led by Madrona Venture Group.

Business Wire
Sep 8th, 2022
Spice AI Raises $13.5 Million Seed Funding to Enable Web3 Developers to Build Data and AI-driven Applications

Spice AI today announced a seed round of $13.5 million for its platform that enables developers to build data driven applications for Web3. Madrona le

SpiceAI
Sep 7th, 2022
Spice AI has raised 13.5M in seed funding to help developers build data and AI driven applications.

Designed for applications and machine learning, Spice.xyz is the fastest, easiest, and smartest way to leverage web3 data.

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