Skry
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Skry (originally Coinalytics) was a Palo Alto blockchain analytics company founded in 2014 by Fabio Federici, Bill Gleim and James Edwards. Pitching itself as the 'Bloomberg for Bitcoin,' it built real-time analytics on blockchain and cryptocurrency data for traders, investors, banks and law enforcement—merging blockchain, big data and AI into an enterprise platform for compliance, anti-money laundering and business intelligence. It raised about $1.3 million in seed funding from The Hive and 500 Startups and rebranded from Coinalytics to Skry in April 2016.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Coinalytics founded
Coinalytics is founded in Palo Alto, joins 500 Startups' bitcoin-focused batch, and raises a $1.1 million seed round led by The Hive to build a bitcoin analytics platform.
- Rebrand to Skry
Coinalytics rebrands as Skry to signal expansion beyond bitcoin to a blockchain-agnostic analytics platform, hiring IBM Watson veteran Dr. Akash Singh as CTO and AI researcher Dr. Masoud Nikravesh as Chief Data Scientist.
- Acquired by Bloq
Bloq, a provider of enterprise blockchain technology solutions, acquires Skry for undisclosed terms, absorbing its intellectual property and team to accelerate its analytics capabilities and open the door for AI and machine learning on its platform.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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