Lockchain.ai, an Athens, GA-based provider of an AI-powered blockchain risk management platform, raised $5M in Series A funding.
The round was led by White Star Capital, with participation from Lerer Hippeau, Arrington Capital, and Sonic Boom Ventures, among others.
The company intends to use the funds to expand in key functional areas and enrich its detection and monitoring capabilities.
Expansion areas include:
- Material Event Detection: expanded intelligence monitoring includes material events that may impact an asset, protocol or counterparty.
- Accelerated Data Discovery: a unified data viewer provides access to the complete collection of information on an entity to accelerate listing and due diligence investigations. Data is filterable, searchable, and exportable, so your teams get the data they need fast.
- Automated Custom Frameworks: client forms, processes and reports can be integrated into a custom framework engine allowing Lockchain data to be mapped directly to client needs. Pre-built frameworks for popular regulatory agencies such as NYSDFS and ADGM are also included.
- Regulatory Compliance Automation: risk disclosure and monitoring support for the Markets in Crypto-Assets Regulation (MiCA), among others.
Led by CEO Andrew Howard, Lockchain.ai 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 the examination of custodians and counterparties to help traders make informed decisions at scale.
It launched in April 2024 to deliver an automated risk management solution that helps traders, investors, and fund managers in the blockchain ecosystem identify and preemptively manage risk factors that may impact portfolio positions. Since launching, the company has experienced strong traction with firms such as Broadridge and GSR, and provides risk management recommendations to portfolios with an aggregate value of more than $2B.
Lockchain.ai has offices in New York City.
FinSMEs
25/02/2025