Boosty Labs

Founded in 2017 by Viktor Ihnatiuk, Boosty Labs has established itself as a significant software development and consulting firm with a strong focus on emergent technologies. Ihnatiuk, a serial entrepreneur who successfully exited his first fintech venture at 21, brought prior experience as a product manager for decentralized cloud storage projects to his new company. The firm's foundation is rooted in the founders' collective experience of creating and scaling multiple fintech startups, providing them with a product-centric perspective.

Boosty Labs operates primarily in the Web3, blockchain, fintech, AI, and cloud sectors, providing a range of services that include outsourcing, outstaffing, and consulting. The company's business model is service-based, generating revenue by building and implementing custom technology solutions for its clients. These services span from end-to-end product development, including strategy, design, and engineering, to staff augmentation where their engineers integrate with client teams. The company's revenue streams are project-based, with minimum project sizes starting at $50,000 and hourly rates ranging from $50 to $99. They cater to a diverse clientele, from ambitious startups to Fortune 500 companies and established blockchain industry leaders like Ledger, Consensys, Near Protocol, and Storj.

The service portfolio is extensive, covering blockchain development, AI/ML integration, fintech solutions, and cloud computing. In blockchain, they develop decentralized applications (dApps), smart contracts, and handle asset tokenization. Their AI services include building custom machine learning models and implementing AI-driven automation. For the fintech market, Boosty Labs specializes in web and mobile banking platforms and P2P lending solutions. Acknowledging the vulnerability of the crypto market, the firm launched a smart contract auditing service to protect clients from cyberattacks. In 2024, the company introduced a blockchain consultancy service for enterprises, focusing on use cases like track and trace, digital proof of ownership, and digital identity.

Significant milestones in the company's history include securing its first client, Storj, in 2017. In 2020, Boosty Labs attracted investment from NetSolid Investments. A major development occurred in November 2022 when the Web3-focused venture fund, Hypra, acquired NetSolid's 25% stake, becoming the sole institutional investor and an active partner in building operational processes. In response to the 2022 invasion of Ukraine, the company established the Boosty Fund, raising $2.3 million to provide aid. The firm also runs Boosty Ventures, an initiative to support and invest in promising founders.

Keywords: Web3 development, blockchain consulting, fintech solutions, AI development, cloud engineering, software outsourcing, staff augmentation, dApp development, smart contract audit, decentralized finance, technical consulting, product development, crypto projects, enterprise blockchain, IT outsourcing, cloud migration, machine learning integration, P2P lending platforms, asset tokenization, team extension