Today marks the launch of Lockchain.ai, a groundbreaking AI-powered Blockchain Risk Management platform, announced at a high-profile event at NASDAQ. Founded by cybersecurity veterans Aidan Kehoe, Andrew Howard, and Matt Higgins, Lockchain.ai has secured seed funding from leading venture firm Lerer Hippeau to introduce a novel solution for comprehensive risk management in the blockchain domain. This platform aims to empower traders, investors, and fund managers with automated tools for making informed decisions in the fast-paced world of digital asset trading.
Leveraging generative AI technology, Lockchain.ai promises to transform the way digital assets are managed by offering speed, scalability, transparency, and security. These capabilities are essential for navigating the complexities and potential black swan events in the digital asset management space. The platform provides continuous due diligence and risk monitoring, enabling real-time insights into the security status of assets, as well as the scrutiny of custodians and counterparties to ensure a holistic risk assessment.
Jan van Eck, CEO of VanEck Associates, emphasized the necessity of a robust risk management process for financial services firms dealing with digital assets, highlighting Lockchain.ai as a crucial tool for maintaining visibility and monitoring activity both off-chain and on-chain.
Lockchain.ai distinguishes itself by its extensive use of generative AI to consume and analyze vast amounts of data, delivering a real-time risk status view, instant notifications of significant events, actionable insights, and predictive impact analyses. The platform plans to introduce an automation engine to enable users to respond to events with pre-configured playbooks and exit strategies, further enhancing its risk management capabilities.
Nick Percoco, Chief Security Officer at Kraken and advisor to Lockchain.ai, stressed the importance of understanding the real risks in the blockchain and crypto spaces. Lockchain.ai’s insights into market events and vulnerabilities aim to protect users’ assets and provide strategies to navigate the uncertain landscape.
Lockchain.ai was established by Andrew Howard, former CEO of Kudelski Security, Aidan Kehoe, former CEO of Skout Cybersecurity, and Matt Higgins, a prominent figure in the entrepreneurial and investment community. The founders saw a pressing need for a security solution that addresses the unique challenges of the blockchain ecosystem, with a mission to deliver user-friendly, effective security and risk mitigation solutions.
The company successfully raised $4.6 million in a seed funding round led by Lerer Hippeau, with contributions from Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Alex Weiss of Clear Sky Capital, and Artico Search, followed by additional support from White Star Capital.
Andrea Hippeau, Partner at Lerer Hippeau, highlighted the critical need for security and risk management in the sector and praised Lockchain.ai for revolutionizing business practices across the crypto and broader blockchain ecosystems with its AI-driven platform.
Based in Athens, Georgia, with additional offices in New York City, Lockchain.ai’s Board of Directors includes notable industry leaders such as Steve Kokinos, former CEO of Algorand, and Deneille Pemberton-Heard from the Diversified Search Group, positioning Lockchain.ai as a pioneering force in blockchain asset security and risk management.
