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§ Private Profile · 720 University Avenue, Palo Alto, CA 94301, US
Skry is a technology company.
Skry delivers an enterprise-grade blockchain analytics and intelligence platform, providing real-time data analysis and risk assessment for decentralized applications. Its technology offers insights into blockchain transactions, identifying critical patterns and anomalies for compliance and security. The platform efficiently monitors and interprets complex activities across diverse blockchain protocols.
The company originated as Coinalytics in 2014, co-founded by Fabio Federici. Federici established the venture from the insight that the burgeoning blockchain ecosystem required sophisticated tools for actionable intelligence and accountability. The firm rebranded to Skry in April 2016, expanding its focus beyond Bitcoin to the wider blockchain landscape.
Skry serves financial institutions and law enforcement agencies seeking robust RegTech solutions. Clients utilize its platform to enhance anti-money laundering and know-your-customer processes, plus transaction monitoring. The company envisioned integrating regulatory oversight with decentralized ledger technologies, fostering trust and security in the digital economy.
Skry has raised $1.0M across 1 funding round.
Skry has raised $1.0M in total across 1 funding round.
Skry (dba Coinalytics) was a blockchain analytics company founded in 2014 that built a data platform enabling enterprises, financial services institutions, and law enforcement agencies to derive real-time intelligence, risk assessments, and compliance insights from blockchains and decentralized applications.[1][2][5] It served fintech and regtech sectors by leveraging AI, machine learning, deep learning, behavioral analytics, and graph analytics to detect fraud, anomalies, suspicious activities, and illicit behavior at scale.[1][2] The platform solved critical problems in blockchain transparency, security, and regulatory compliance, such as monitoring transactions for red flags beyond human capability, positioning it as a pioneer in regtech for decentralized finance.[1][2] Skry raised $1.2M from investors including Bloq, The Hive, and 500 Accelerator before being acquired by Bloq in an undisclosed "Acq - Talent" deal that integrated its IP, team, and AI-driven tools to enhance Bloq's multi-blockchain analytics.[1][2]
Headquartered in San Francisco (with some sources noting Palo Alto), Skry operated until the acquisition, supercharging enterprise blockchain decision-making amid rising adoption of distributed ledger tech.[1][3][5]
Skry launched in 2014 as Coinalytics in Silicon Valley, initially focusing on blockchain data intelligence for financial services and law enforcement.[1][2][5] It rebranded to Skry in April 2016, expanding into advanced AI and machine learning to transform raw blockchain data into predictive insights, such as anticipating fraud and illicit activities.[2] Early traction came via a $1.1M seed round in 2015 led by The Hive, with additional backing from Bloq and 500 Accelerator, totaling $1.2M raised.[1][2] The company added top AI experts post-rebrand, honing its edge in deep learning and analytics just as blockchain's regtech potential gained momentum.[2] A pivotal moment arrived with its acquisition by Chicago-based Bloq, which absorbed Skry's team and IP to bolster enterprise solutions in security, provenance, and reconciliation across multi-network blockchains.[2][5]
(Note: Unrelated entities like SKRY|Online (IT services) or Skry Labs (Web3 accelerator) share the name but differ in focus and location.[4][6])
Skry rode the early blockchain regtech wave, capitalizing on crypto's growth for secure, transparent financial operations amid rising AML/KYC demands.[1][2] Its timing aligned with Bitcoin's maturation and enterprise blockchain pilots (pre-2016), where decentralized data needed AI to unlock value for compliance and fraud prevention—critical as hacks and illicit flows plagued the ecosystem.[2] Market forces like automation via smart contracts and ML pattern recognition favored Skry, influencing the shift toward AI-enhanced blockchain tools now standard in fintech.[1][2] By pioneering predictive analytics on public ledgers, it shaped the analytics layer for DeFi and Web3, paving the way for Bloq's expanded platform in a multi-chain world.[2][5]
Post-acquisition, Skry's tech lives on within Bloq, likely evolving to tackle AI-blockchain convergence in areas like tokenized assets and cross-chain compliance.[2] Trends such as real-time DeFi auditing, quantum-resistant security, and regulatory clarity (e.g., MiCA in Europe) will amplify its legacy, with ML scaling to handle exploding on-chain volumes.[1][2] Bloq may extend Skry's influence toward broader enterprise AI, potentially spinning out advanced fraud prediction amid Web3's mainstreaming—cementing its role from niche pioneer to foundational regtech enabler.[2] This positions it at the heart of blockchain's trust infrastructure, much like its original mission to supercharge intuition with machine intelligence.[2]
Skry has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in April 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2022 | $1M Seed | — | 040 Capital, 2048 Ventures, LAUNCH, RED Beard Ventures, Tealium, John M. Mueller, Cadenza Ventures, Handao, Hypersphere Ventures, ZMT Capital | Announced |
Skry has raised $1.0M in total across 1 funding round.
Skry's investors include 040 Capital, 2048 Ventures, LAUNCH, Red Beard Ventures, Tealium, John M. Mueller, Cadenza Ventures, HanDAO, Hypersphere Ventures, ZMT Capital.