Skry

Skry, Inc., initially known as Coinalytics, was a blockchain analytics and intelligence company founded in 2014 by Fabio Federici. Headquartered in Palo Alto, California, the firm established itself by developing a platform to analyze and visualize blockchain data from multiple sources. In 2015, the company secured $1.1 million in a seed funding round led by The Hive, a Palo Alto-based incubator. A significant milestone occurred in April 2016 when Coinalytics rebranded to Skry, a move that coincided with the addition of AI experts to its team, signaling a strategic shift towards leveraging artificial intelligence and machine learning to extract actionable insights from blockchain data.

The company's core business centered on providing a platform that enabled enterprise clients to monitor, manage, and analyze blockchain data in real-time. Skry's technology was designed to detect network irregularities and potential threats, such as DDoS attacks or unusual spikes in transaction fees, across both public and private blockchains. By integrating deep learning technologies with behavioral, predictive, and graph analytics, the platform could identify illicit activities, suspicious user behavior, and other anomalies. This service was blockchain-agnostic, meaning it could operate with various blockchain technologies, which broadened its appeal to a diverse client base, including financial institutions. The business model focused on providing these real-time intelligence and risk assessment capabilities through APIs and visual interfaces.

In a strategic move to enhance its own analytics capabilities, Bloq, a Chicago-based enterprise blockchain software company, acquired Skry in February 2017. The acquisition included Skry's entire team and its intellectual property. This was Bloq's first acquisition and aimed to integrate Skry's AI-driven analytics into its platform, reinforcing its vision for a multi-blockchain, multi-network world. Fabio Federici, Skry's co-founder and CEO, expressed excitement about the acquisition, citing Bloq's commitment to interoperability and its comprehensive vision for enterprise blockchain solutions.

Keywords: blockchain analytics, risk assessment, artificial intelligence, machine learning, data visualization, enterprise software, cryptocurrency, FinTech, real-time intelligence, anomaly detection, decentralized applications, Coinalytics, Bloq, Fabio Federici, network security, transaction monitoring, predictive analytics, graph analytics, blockchain-agnostic, enterprise blockchain