Neutrino
Developing a comprehensive platform for analyzing, tracking and investigating bitcoins’ blockchain and other virtual currencies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| EUR | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 412 % | 72 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (54 %) | 37 % | 262 % |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (68 %) | 19 % | 171 % |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Neutrino S.r.l., established in Milan, Italy, in 2016, specialized in blockchain analytics and cryptocurrency intelligence. The company was founded by Giancarlo Russo (CEO), Marco Valleri (CRO), and Alberto Ornaghi (CTO). The founding team brought extensive experience from the cybersecurity sector, having previously held senior roles at Hacking Team, an information technology company that provided offensive intrusion and surveillance capabilities.
The firm developed a platform to monitor, analyze, and track cryptocurrency transactions across various public blockchains, including Bitcoin, Ethereum, and Litecoin. This technology was designed to provide actionable insights for investigating financial crimes and ensuring regulatory compliance. Neutrino's business model focused on serving two primary client segments: law enforcement agencies and financial service providers. For government and law enforcement clients, its flagship product, XFLOW nSpect, offered tools to investigate criminal activities such as fund theft, ransomware attacks, and darknet market operations. For financial institutions, the XFlow nSight solution supported Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance procedures by identifying the origin of funds and flagging suspicious transaction patterns.
In April 2017, Neutrino secured $545,000 in a seed funding round led by 360 Capital Partners. This investment facilitated the company's growth and product development. On February 19, 2019, the cryptocurrency exchange Coinbase acquired Neutrino for approximately $13.5 million. Coinbase announced that the acquisition would enhance its internal compliance systems, help prevent fund theft, and identify malicious actors on its platform. The acquisition, however, drew criticism due to the founders' prior association with Hacking Team, which had been linked to providing surveillance technology to various government entities.
Keywords: blockchain analytics, cryptocurrency intelligence, compliance solutions, risk management, law enforcement technology, financial crime investigation, AML, KYC, crypto tracking, digital asset monitoring, Neutrino S.r.l., Giancarlo Russo, Marco Valleri, Alberto Ornaghi, XFLOW, Coinbase acquisition, 360 Capital Partners, Milan startup, FinTech, RegTech
