TRM Labs hits $2B valuation with AI push
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- TRM Labs has reached a $2 billion valuation after expanding its Series C funding round.
- Blockchain Capital led the latest investment, but TRM Labs has not disclosed the amount raised.
- The company plans to launch an AI investigations platform as criminal use of AI rises.
TRM Labs has doubled its valuation to $2 billion after expanding its Series C funding round.
Blockchain Capital led the latest investment, while existing backers provided additional funding, with the amount undisclosed.
“This latest investment reflects that growth, and our firm conviction that TRM is the AI investigations platform of the future,” said Spencer Bogart, general partner at Blockchain Capital.
TRM Labs has seen annual recurring revenue quadruple over the past three years as demand for its tools has grown.
The company serves more than 600 government agencies and private institutions across 75 countries with blockchain intelligence tools.
TRM Labs plans to launch its new AI investigations platform publicly in November, targeting fraud, deepfakes and other AI-enabled crimes.
The company said AI adoption among criminals has risen 40% year on year, while digital crime losses reported to the FBI reached $21 billion in 2025.
