TRM Labs has reached a $1 billion valuation after closing a $70 million Series C funding round, becoming the latest crypto company to achieve unicorn status.
The investment was led by Blockchain Capital, with backing from major financial institutions including Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Thoma Bravo, Citi Ventures and Galaxy Ventures.
“At TRM, we’re building AI for problems that have real consequences for public safety, financial integrity, and national security,”
Wrote TRM Labs, co-founder and chief executive, Esteban Castaño.
The funding highlights growing investor interest in blockchain analytics platforms designed to combat cybercrime and AI-driven illicit activity across digital asset markets.
TRM said the capital will be used to expand its global workforce of AI researchers, engineers and financial crime specialists across hubs in the US, Europe and Asia.
The company also plans to advance its AI-powered compliance and investigation tools to help public and private institutions manage financial crime risks.
The raise comes amid renewed concern over AI-enabled crypto scams, even as reported phishing losses fell 83% year on year to $83.3 million in 2025, according to Scam Sniffer data.