Blockchain intelligence agency TRM Labs has doubled its valuation to $2 billion following an enlargement of its Collection C funding spherical led by Blockchain Capital. The corporate didn’t disclose the scale of the most recent funding however stated its annual recurring income has quadrupled over the previous three years, in keeping with an announcement Wednesday.
The enlargement follows a $70 million Collection C in February, additionally led by Blockchain Capital. TRM supplies blockchain intelligence and investigation software program utilized by greater than 600 authorities businesses and private-sector establishments throughout 75 international locations, the corporate stated.
Previous to the February spherical, the corporate was valued at $930 million, in keeping with knowledge compiled by Traxcn. It breached the $1 billion valuation mark within the spherical that included Citi Ventures and Galaxy among the many buyers.
TRM stated its AI-powered instruments are used to analyze fraud, cash laundering, sanctions evasion and different types of digital crime.
Digital crime losses reported to the FBI’s Web Crime Criticism Middle rose to $21 billion in 2025 from $16 billion in 2024, whereas TRM stated felony adoption of AI has risen 40% 12 months over 12 months in 2026, citing its AI-in-Crime Adoption Index.
The brand new valuation comes about two months after US Immigration and Customs Enforcement (ICE) awarded TRM a roughly $95 million, one-year contract for forensic software program and assist providers for Homeland Safety Process Drive investigations.
Rival Chainalysis challenged the sole-source award in federal court docket later that month, alleging ICE’s choice was “arbitrary, capricious, and unreasonable.”
