Cybersecurity CEOs join forces to launch Lockchain.ai: the first AI-powered blockchain risk management platform
Lockchain.ai emerged from stealth during a launch event held today on NASDAQ, with support from Lerer Hippeau, to launch a new category of risk management solutions that will enable traders to make informed decisions at scale. Founded
ATHENS, Ga., April 1, 2024 /PRNewswire/ — lockchain.ai, an AI-powered blockchain risk management platform, announced its official launch from Stealth to provide automated risk management solutions to traders, investors, and fund managers in the blockchain ecosystem. Lockchain.ai was founded by two CEOs with extensive cybersecurity experience, Aidan Kehoe and andrew howardsimilarly matt higginsWith seed funding led by Lerel Hippoleverages generative AI to bring speed, scalability, transparency, and security to rapidly evolving digital asset management businesses. This is a critical feature to avoid future black swan events.
Lockchain.ai’s SaaS platform provides always-on due diligence and risk monitoring for asset managers and traders seeking real-time security status of the assets they trade. This includes examining the custodians and counterparties involved in the portfolio to provide a comprehensive assessment of risk and help traders make informed decisions at scale. Lockchain.ai also allows asset managers to reconcile on-chain and off-chain balances, which is a key compliance concern when Bitcoin ETFs come online.
“Every responsible financial services company that wants to engage with digital assets needs a robust risk management process.” Jan van Eck, CEO of VanEck Associates, explains: “And that process must include tools that provide visibility into trading partners, vendors, and tokens and monitor both off-chain and on-chain activity. It helps process valuable and useful data and provides insights to risk management professionals, whether they are technical experts or not.”
Lockchain.ai’s end-to-end use of generated AI is fundamental to the platform’s ability to rapidly consume and analyze thousands of data sources to provide:
- View risk status in real time.
- Get instant notifications of important on-chain and off-chain events that can impact your portfolio.
- Practical and candid insight into the potential impact of those events.
- Predictive impact analysis of transmission risk. and so on,
- Automation engine that responds to events using pre-built playbooks and exit strategies.
“Recent high-profile security challenges highlight the imperative for users of the blockchain and cryptocurrency space to understand the real risks involved.” Nick Percoco, chief security officer at Kraken and advisor to Lockchain.ai, said: “These users and traders need insight into how market events and emerging vulnerabilities can impact the integrity of their assets. In this dynamic environment, risk management is critical. It emerges as a tool, providing insights and strategies to navigate uncertainty and protect your investments.”
Lockchain.ai is founded by Andrew Howard, former CEO of Kudelski Security, Aidan Kehoe, former CEO of Skout Cybersecurity (acquired by Barracuda Networks in 2022), and Matt Higgins, co-founder and CEO of RSE Ventures. Founded in 2023. Executive Fellow at Harvard Business School, Guest Shark on Shark Tank. The founding team recognized a clear market need for a security solution that complements existing security and professional due diligence services. The team founded the company with a simple mission: to provide easy-to-use, effective security and risk mitigation solutions for companies working with blockchain technology and digital assets.
“Lockchain.ai’s emergence from stealth after a year of development marks an important milestone in our mission to define a new category of blockchain asset security.” Andrew Howard, co-founder and CEO of Lockchain.ai, explains: “Our year-long initiative will use artificial intelligence-driven risk management capabilities to address the challenges faced by asset managers, traders and hedge funds as they navigate the complexity of this evolving landscape. It has been supported by deep commitment.”
Lockchain.ai has raised a total of $4.6 million through a seed round. Lerel Hippo and includes Arrington Capital, valhalla ventures, Arca, RSE/VaynerSonic Boom Ventures, alex weiss clear sky capital Altico search. white star capital Participated in subsequent funding cycles.
“Given the different needs and pain points across the industry, it was clear that security and risk management were big issues.” Said andrea hippoPartner of Lerer Hippeau. “The platform that the team at Lockchain has built will revolutionize the way companies do business across cryptocurrencies and the larger blockchain ecosystem. With AI powering the platform, Lockchain.ai is now It’s the only BRM product on the market with the speed and results you need to keep your customers safe in this area. ”
Lockchain.ai is headquartered in Athens, Georgia with offices in New York City. Lockchain.ai’s Board of Directors includes: Steve Kokinosformer CEO of Algorand, Denille Pemberton-HeardExecutive at Diversified Search Group.
Learn more about Lockchain.ai and the challenges facing digital currency management below.
- register and, Digital risk webinar upon April 9th.
- subscribe Lockchain.ai to Substack Updates and risk advisories.
About Lockchain.ai
Lockchain.ai is the world’s first risk management platform for blockchain assets, leveraging generative AI to provide traders and asset managers with the intelligence they need to continuously understand portfolio risk in real-time. Masu. With the support and involvement of industry leaders in cybersecurity, application security, digital currency management, and blockchain technology, the Lockchain platform is now available. For more information, please contact us below. [email protected].
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