Lockchain.ai

Company Overview

Lockchain.ai is a computer and network security company focused on AI-powered risk management for blockchain and digital assets. The company is based in the United States and was founded by experienced entrepreneurs and security experts. Lockchain.ai aims to help investors and asset managers navigate the complexities of the crypto ecosystem, respond to incidents, and ensure safer transactions.

Products Overview

Lockchain.ai offers an all-in-one AI platform designed to manage risk in crypto and digital assets. Their main product features include:

1. Risk Notifications: The platform provides easy-to-understand risk alerts via email, Slack, or Telegram, explaining relevant risk events happening in real-time that are pertinent to a user’s portfolio.

2. Custody Platform Monitoring: Lockchain checks on-chain data to verify that assets are where exchanges claim them to be, allowing users to monitor multiple custody platforms in one place.

3. AI-Powered Data Interpretation: The system aggregates on-chain data and open-source intelligence to provide insights on potential risks ahead of time.

4. Due Diligence and Automation: Lockchain offers a 24/7, real-time due diligence and automation platform to help users avert catastrophic events in the digital asset world.

5. Research Database: Users can access Lockchain’s database of security and trust data to enhance their due diligence process.

6. Second-Order Effects Anticipation: The platform monitors and alerts users to additional impacts based on current risk events.

7. Watchlist Monitoring: Users can specify particular parts of their portfolio for Lockchain to monitor.

8. Proprietary Risk Model: Lockchain has developed a custom risk model designed specifically for digital risk in crypto assets.

Founding Team

Lockchain.ai was co-founded by three experienced entrepreneurs:

1. Aidan Kehoe (Chairman of the Board, Co-Founder): An entrepreneur with a background in cybersecurity and risk management. He previously founded SKOUT Cybersecurity (acquired by Barracuda Networks in 2021) and Oxford Global (acquired by Willis Towers Watson in 2013).

2. Andrew Howard (CEO, Co-Founder): A security veteran and entrepreneur who previously served as CEO and CTO for global cybersecurity firm Kudelski Security. He also led a University Affiliated Research Center at Georgia Tech focused on cybersecurity and has been recognized on the Georgia Tech 40 Under 40 Alumni List in 2022.

3. Matt Higgins (Co-Founder): A serial entrepreneur, growth equity investor, and co-founder and CEO of private investment firm RSE Ventures. He is also a Wall Street Journal best-selling author.

Problem and Market Fit

Lockchain.ai addresses the growing need for robust risk management in the cryptocurrency and blockchain space. As digital assets become more mainstream, investors and asset managers face increasing challenges in navigating the complexities of this ecosystem, including security threats, market volatility, and regulatory changes. Lockchain.ai’s AI-powered platform aims to provide a comprehensive solution to these challenges, offering real-time risk assessment, monitoring, and alerts to help users make informed decisions and protect their digital assets.

Business Model

While the specifics of Lockchain.ai’s business model are not explicitly stated in the provided information, it appears to operate on a B2B (Business-to-Business) model. The company targets asset managers and investors in the digital asset space, offering its AI-powered risk management platform as a service. It’s likely that Lockchain.ai generates revenue through subscription fees or licensing of its platform to these clients.

Funding and Runway

The company has received backing from several prominent investors in the crypto ecosystem, including:

• Lerer Hippeau
• Arca
• Arrington Capital
• Valhalla Capital
• VaynerFund
• White Star Capital

However, specific details about funding rounds and the company’s runway are not provided in the given information.

Competitive Landscape

While the provided information doesn’t explicitly mention competitors, it’s worth noting that Lockchain.ai operates in the competitive field of blockchain security and risk management. The company’s unique selling proposition appears to be its comprehensive, AI-powered approach to risk management in the crypto space, combining on-chain data analysis, open-source intelligence, and a custom risk model designed specifically for digital assets.

Customers

The company states that it is trusted by “some of the largest asset managers who hold digital assets.” However, specific customer names are not provided in the given information.

Relevant News

The most recent news mentioned is the launch of Lockchain.ai, as indicated by the statement “Lockchain is here. Read the announcement.” on their website. However, the exact date of this announcement is not provided in the given information.

In conclusion, Lockchain.ai presents itself as an innovative player in the blockchain security and risk management space, leveraging AI technology to provide comprehensive solutions for digital asset investors and managers. With a strong founding team, backing from notable investors, and a product designed to address critical needs in the crypto ecosystem, the company appears well-positioned to tackle the challenges of risk management in this rapidly evolving sector.