# Michael Gronager

> Michael Gronager is a Danish entrepreneur and quantum-mechanics PhD who co-founded Kraken and Chainalysis. He led Chainalysis for a decade before leaving its CEO and board roles in 2024, and joined Project Eleven as an advisor in October 2025. In 2026, he is building Gry AI as founder and CEO. His work spans distributed computing, blockchain analytics, digital-asset security and specialised AI.

- **Role:** Founder and CEO at Gry AI; Advisor at Project Eleven
- **Organizations:** Gry AI, Project Eleven, Chainalysis, Kraken, Nordic DataGrid Facility
- **Nationality:** Danish
- **Education:** PhD in Quantum Mechanics, Technical University of Denmark
- **Known for:** Co-founded cryptocurrency exchange Kraken., Co-founded Chainalysis and led it for a decade., Led Chainalysis through its May 2022 Series F; it reported more than 750 customers across 70 countries at that time.

## Career timeline

- **Before 2011** — Worked on virtual reality and distributed research computing; led the Nordic DataGrid Facility.
- **2011** — Co-founded Kraken, where he served as chief operating officer.
- **2014** — Co-founded Chainalysis with Jan Møller and Jonathan Levin.
- **2022** — Led Chainalysis when it announced a $170 million Series F at an $8.6 billion company valuation.
- **2024** — Ended his CEO tenure and left the Chainalysis board; Jonathan Levin became CEO effective December 3.
- **2025** — Joined Project Eleven as an advisor, announced October 20.
- **2026** — Public event materials identify him as founder and CEO of Gry AI.

## Achievements

- Co-founded cryptocurrency exchange Kraken.
- Co-founded Chainalysis and led it for a decade.
- Led Chainalysis through its May 2022 Series F; it reported more than 750 customers across 70 countries at that time.
- Applied distributed-computing experience to blockchain investigation and compliance infrastructure.

## Latest updates

- **2026-09** — Nordic Fintech Week materials identify him as founder and CEO of Gry AI, developing specialised AI systems.
- **2026-07** — Named as head of Gry AI in the Codegate 2026 speaker programme.
- **2025-10** — Project Eleven announced his appointment as an advisor on October 20.
- **2025-04** — Discussed life after Chainalysis, including cooking, city visits, interior design and interest in future ventures.
- **2024-12** — Chainalysis announced Jonathan Levin as CEO and Gronager’s departure from its board.

## Links

- LinkedIn: https://www.linkedin.com/in/gronager
- Twitter/X: https://x.com/gronager
- GitHub: https://github.com/gronager

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Profile page: https://yespress.io/michael-gronager
Published by YesPress — https://yespress.io
Last updated: 2026-10-23