April 01, 2024
Lockchain.ai, a newly launched company, has emerged as the first AI-powered blockchain risk management platform. The company was founded by Andrew Howard, Aidan Kehoe, and Matt Higgins. Lockchain.ai aims to provide automated risk management solutions to traders, investors, and fund managers operating within the blockchain ecosystem. The platform leverages generative AI to enhance speed, scalability, transparency, and security in digital asset management.
Project | Latest Raise Date | Latest Raise | Stage | Total Raise | Category |
---|---|---|---|---|---|
Apr 01, 2024 | $4.6M | Seed | $4.6M | AI |
The company's SaaS platform offers continuous due diligence and risk monitoring. This includes instant notifications, insights on potential effects of events, predictive impact analysis of contagion risk, and real-time views of risk status. The platform is designed to help asset managers comply with on and off-chain balances related to Bitcoin ETFs, addressing the increasing need for security in the blockchain sector.
The company was launched with a seed funding round of $4.6 million, led by Lerer Hippeau. Other investors in this round included Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Alex Weiss of Clear Sky Capital, Artico Search, and White Star Capital. These investors have shown confidence in Lockchain.ai’s potential to address the security needs of the digital asset sector.
The company aims to fill the gap in the market by providing risk management tools that are currently lacking in the blockchain space. This is particularly pertinent with the approval of Bitcoin ETFs and the increasing involvement of traditional financial institutions in the blockchain ecosystem. Lockchain.ai's platform aims to make it easier for these institutions and traders to operate securely within the blockchain environment.
About Lockchain.ai:
Lockchain.ai, headquartered in Athens, Georgia, with offices in New York City, provides an AI-powered blockchain risk management platform. Founded by Andrew Howard, Aidan Kehoe, and Matt Higgins, the company offers automated risk management solutions for traders, investors, and fund managers in the blockchain ecosystem. The platform utilizes generative AI to ensure speed, scalability, transparency, and security in digital asset management.
Website:Â https://www.lockchain.ai/Â
X Account:Â https://x.com/lockchain_ai
X Followers today:Â 439
About Investor
Investor:Â Lerer Hippeau
Lerer Ventures, a New York City-based venture capital firm, focuses on early-stage investments across various industries, including media, technology, and consumer goods.
Location:Â United States
Website:Â https://www.lererhippeau.comÂ
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