TRM Labs raised $70 million in a Series C round to expand its AI capabilities for disrupting criminal networks and addressing national security risks. The funding, led by Blockchain Capital and bringing TRM’s valuation to $1 billion, will scale engineering and accelerate AI-powered investigative tools used by law enforcement and financial institutions to trace transactions across blockchains in real time. #TRMLabs #BlockchainCapital
Keypoints
- TRM Labs secured $70 million in a Series C round to grow its AI capabilities.
- The round was led by Blockchain Capital and raised TRM’s valuation to $1 billion.
- The new capital brings total funding to about $200 million and will scale engineering efforts.
- TRM’s platform analyzes transactions across many blockchains using data from over 200 million digital assets.
- Law enforcement, financial institutions, and crypto firms use TRM’s tools to detect and disrupt fraud, terrorism financing, and international crime networks.