Skynet Labs was a tech company focused on developing decentralized storage and application hosting solutions. It was recognized for its work on the Skynet platform, which utilized blockchain technology to enable secure, efficient, and censorship-resistant storage and sharing of data. Skynet Labs aimed to empower developers to build decentralized applications (dApps) and provide users with more control over their data. However, it's important to note that as of September 2022, Skynet Labs announced it was shutting down, and its operations have ceased since then. For further details or historical reference, you might need to explore their website or other resources available online.