Lockchain.ai Emerges from Stealth Mode to Revolutionize Blockchain Risk Management
Lockchain.ai, an AI-powered blockchain risk management platform, has officially launched from stealth mode to provide traders, investors, and fund managers with automated risk management solutions tailored to the blockchain ecosystem.
Founded by industry veterans Aidan Kehoe, Andrew Howard, and Matt Higgins, Lockchain.ai has secured seed funding of $4.6 million led by Lerer Hippeau, with participation from Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Clear Sky Capital, and Artico Search. White Star Capital has joined in a subsequent funding cycle.
The Need for Blockchain Risk Management
<pLockchain.ai’s emergence from stealth mode comes at a time when the growth of the blockchain and cryptocurrency sector has created a pressing need for robust risk management solutions. The platform’s founders identified this gap in the market and set out to address it with a cutting-edge solution driven by generative AI.
According to Jan van Eck, CEO of VanEck Associates, "All responsible financial services firms that want to engage with digital assets need a robust risk management process. And that process has to include tools that provide visibility into their counterparties, vendors, and tokens, monitoring both on- and off-chain activity. Lockchain.ai helps process a wealth of relevant and useful data and provides insights to risk management professionals, whether they are technical experts or not."
Nick Percoco, Chief Security Officer at Kraken and advisor to Lockchain.ai, added, "Recent high-profile security challenges have highlighted the imperative for users in the blockchain and crypto space to grasp the actual risks involved. These users and traders need insights into how market events and emerging vulnerabilities might impact the integrity of their assets. In this dynamic environment, risk management emerges as a critical tool, providing insights and strategies to navigate uncertainties and safeguard investments."
Lockchain.ai’s Vision
Lockchain.ai’s vision is to empower traders, investors, and fund managers with the intelligence and actionable insights necessary to navigate the evolving blockchain landscape. The platform’s AI-powered solutions provide real-time risk monitoring and on-chain/off-chain balance reconciliation, enabling users to make informed decisions quickly and efficiently.
Speaking about the platform’s launch, Andrew Howard, Co-founder and CEO of Lockchain.ai, said, “Lockchain.ai’s emergence from stealth marks a significant milestone in our mission to define a new category of security for blockchain assets. Our year-long endeavor has been fueled by a deep commitment to addressing the challenges faced by asset managers, traders, and hedge funds in navigating the complexities of this ever-evolving landscape with artificial intelligence driven risk management capabilities.”
Unlocking the Power of AI
Lockchain.ai’s end-to-end use of generative AI is core to the platform’s ability to rapidly consume and analyze thousands of data sources, delivering real-time view of risk status, instant notification of important events, actionable insights, predictive impact analysis of contagion risk, and an automation engine to respond to events with pre-built playbooks and exit strategies.
According to Andrea Hippeau, Partner at Lerer Hippeau, “The platform that the team at Lockchain has built revolutionizes the way that firms do business across crypto and the larger blockchain ecosystem. With AI powering the platform, Lockchain.ai is now the only BRM product in the market with the requisite speed and results to keep clients safe in this sector.”
Conclusion
As the blockchain and cryptocurrency sector continues to evolve, the need for robust risk management solutions remains a pressing concern. Lockchain.ai’s emergence from stealth mode marks an important milestone in the development of an AI-powered blockchain risk management platform. The platform’s cutting-edge solutions enable traders, investors, and fund managers to navigate the complexities of the blockchain landscape with confidence.
FAQs
What is Lockchain.ai’s mission?
Lockchain.ai’s mission is to empower traders, investors, and fund managers with the intelligence and actionable insights necessary to navigate the evolving blockchain landscape.
Who founded Lockchain.ai?
Lockchain.ai was founded by Aidan Kehoe, Andrew Howard, and Matt Higgins, industry veterans in blockchain and cybersecurity.
What is Lockchain.ai’s funding status?
Lockchain.ai has secured $4.6 million in seed funding led by Lerer Hippeau, with participation from Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Clear Sky Capital, Artico Search, and White Star Capital in a subsequent funding cycle.
How does Lockchain.ai’s AI work?
Lockchain.ai uses generative AI to rapidly consume and analyze thousands of data sources, delivering real-time view of risk status, instant notification of important events, actionable insights, predictive impact analysis of contagion risk, and an automation engine to respond to events with pre-built playbooks and exit strategies.
What are the benefits of Lockchain.ai’s platform?
The Lockchain.ai platform provides traders, investors, and fund managers with real-time risk monitoring, on-chain/off-chain balance reconciliation, and actionable insights to make informed decisions quickly and efficiently.
