About Shyft Network
Shyft Network is a company based in Bridgetown (Barbados) founded in 2017 by Juan Aja Aguinaco was acquired by Bitfury in December 2019.. Shyft Network offers products and services including Shyft Network Protocol, Developer Portal, and Veriscope. Shyft Network operates in a competitive market with competitors including Chainalysis, CertiK, Ledger, Elliptic and MetaMask, among others.
- Headquarter Bridgetown, Barbados
- Founders Juan Aja Aguinaco
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Shyft Network Inc.
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Products & Services of Shyft Network
Shyft Network offers a comprehensive portfolio of products and services, including Shyft Network Protocol, Developer Portal, and Veriscope. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protocol for validating identity and ensuring blockchain compliance securely.
Platform for building smart contracts and integrating compliance features.
System for integrating exchanges with blockchain identity verification.
Funding Insights of Shyft Network
- Total Funding Total Funding
- Total Rounds 1
- Last Round Token Sale — $500,000
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First Round
First Round
(26 Mar 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Token Sale - Shyft Network | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shyft Network
Shyft Network has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bitfury. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cryptocurrency mining solutions are provided through AI and blockchain platforms.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Shyft Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shyft Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shyft Network Comparisons
Competitors of Shyft Network
Shyft Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chainalysis, CertiK, Ledger, Elliptic and MetaMask, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Blockchain data platform insights for cryptocurrency are delivered.
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Online platform for blockchain and smart contract cybersecurity
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Ledger is recognized for providing secure cryptocurrency hardware wallets.
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Provider of transaction monitoring and fraud prevention solutions for crypto businesses
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| domain | founded_year | HQ Location |
Browser-based hot wallet for cryptocurrency management and transactions is provided.
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Provider of enterprise data management and blockchain analytics solutions for digital assets
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shyft Network
Frequently Asked Questions about Shyft Network
When was Shyft Network founded?
Shyft Network was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Shyft Network located?
Shyft Network is headquartered in Bridgetown, Barbados.
Who is the current CEO of Shyft Network?
Bruce Silcoff is the current CEO of Shyft Network.
What does Shyft Network do?
Shyft Network was founded in 2017 in Bridgetown, Barbados, within the blockchain and fintech sectors. Distributed ledgers and smart contracts are employed to handle customer identity verification. Client data is gathered off-chain through conventional processes by third parties. Verified KYC information is then broadcast to the platform, linked to individual signatures, and logged as immutable transactions on the blockchain.
Who are the top competitors of Shyft Network?
What products or services does Shyft Network offer?
Shyft Network offers Shyft Network Protocol, Developer Portal, and Veriscope.
Who are Shyft Network's investors?
Shyft Network has 1 investor. Key investors include Bitfury.
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