ATHENS, GA – Lockchain.ai, an innovator in AI-powered blockchain risk management solutions, today announced the closure of its $4.6 million seed funding round. Lerer Hippeau led the round, joined by Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Alex Weiss of Clear Sky Capital, Artico Search, and a subsequent investment from White Star Capital.
With this capital infusion, the company plans to accelerate platform development and bolster its operational capabilities. Co-founded by Aidan Kehoe, Andrew Howard, and Matt Higgins, Lockchain.ai aims to simplify and streamline risk assessment for traders and asset managers operating within the blockchain ecosystem.
Addressing Blockchain’s Risk Landscape
Lockchain.ai enters a market where transparent risk analysis is critical amidst growing institutional adoption of blockchain. Similar companies in the space include:
- Solidus Labs: Focuses on market manipulation detection and trade surveillance within crypto markets.
- Elliptic: Provides blockchain analytics and compliance solutions, often used for AML (Anti-Money Laundering) purposes.
- TRM Labs: Specializes in risk management tools for crypto businesses and financial institutions.
Lockchain.ai’s Differentiator
Lockchain.ai’s platform uniquely leverages generative AI to analyze vast amounts of on-chain and off-chain data, providing real-time risk evaluations, predictive analytics, and automated response strategies. Additionally, the platform aids in balance reconciliation, addressing a key compliance requirement for Bitcoin ETFs.
Deal Highlights
| Deal Table | |
|---|---|
| Company | Lockchain.ai |
| Headquarters | Athens, GA |
| Funding Round | Seed |
| Amount Raised | $4.6 million |
| Lead Investor | Lerer Hippeau |
| Other Investors | Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Alex Weiss (Clear Sky Capital), Artico Search, White Star Capital |
About Lockchain.ai
Lockchain.ai develops an AI-powered blockchain risk management platform for traders and asset managers. Founded by Aidan Kehoe, Andrew Howard, and Matt Higgins, the company is headquartered in Athens, Georgia, with an office in New York City.