Blockchain intelligence company TRM Labs has raised $70 million in new funding, valuing the company at $1 billion. The funding will help the company improve its AI-powered tools used to track and prevent illegal activity involving cryptocurrencies.
TRM Labs builds software that helps organizations understand risks linked to digital asset management and crypto transactions. Its tools are designed to make crypto activity more transparent and easier to investigate.
TRM’s platform analyzes large amounts of data from blockchain networks. It uses machine learning and risk-scoring models to track where digital money comes from and where it goes. This helps spot signs of fraud, money laundering, sanctions violations, and other illegal activities that might otherwise be missed.
The company offers real-time transaction monitoring, wallet screening to assess risky crypto addresses, and deep investigation tools to trace complex transaction paths. These features help businesses meet anti-money-laundering laws and support investigators during financial crime cases.
TRM’s tools are used not only by banks and crypto exchanges but also by law enforcement and national security agencies. These agencies rely on TRM to track criminal networks, disrupt illegal funding, and recover stolen digital assets.
The company has seen strong growth, with revenue increasing 150% every year for the past five years. Its customers include Coinbase, PayPal, Visa, Stripe, Robinhood, and Circle.
The Series C funding round was led by Blockchain Capital, with participation from major investors including Goldman Sachs, Bessemer Venture Partners, Y Combinator, Citi Ventures, and Thoma Bravo. With this round, TRM Labs has now raised $220 million in total funding.