Blockchain Intelligence Firm TRM Labs Raises $70 Million at $1 Billion Valuation

Blockchain intelligence firm TRM Labs announced on Wednesday that it has raised $70 million in a Series C funding round to expand its AI capabilities aimed at disrupting criminal networks and addressing national security risks.

The investment round, which brings the company’s valuation to $1 billion, was led by Blockchain Capital, with participation from CMT Digital, Goldman Sachs, Bessemer Venture Partners, DRW VC, Y Combinator, Thoma Bravo, Alumni Ventures, Citi Ventures, Brevan Howard Digital, and Galaxy Ventures.

This latest injection of capital brings the company’s total funding to approximately $200 million and will be used to scale engineering efforts and accelerate the deployment of AI-powered investigative tools.

TRM Labs provides a platform for monitoring and analyzing transactions across numerous blockchains. The technology is utilized by law enforcement agencies, financial institutions, and crypto businesses to detect fraud, money laundering, and other criminal activities.

The company’s solution integrates data ...