TRM Labs doubles valuation to $2B in Series C expansion
The blockchain intelligence firm said its annual recurring revenue has quadrupled over the past three years as it expands its AI-powered investigations business.
The blockchain intelligence firm said its annual recurring revenue has quadrupled over the past three years as it expands its AI-powered investigations business.
Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion following an expansion of its Series C funding round led by Blockchain Capital. The company did not disclose the size of the latest investment but said its annual recurring revenue has quadrupled over the past three years, according to an announcement Wednesday.
The expansion follows a $70 million Series C in February, also led by Blockchain Capital. TRM provides blockchain intelligence and investigation software used by more than 600 government agencies and private-sector institutions across 75 countries, the company said.
TRM said its AI-powered tools are used to investigate fraud, money laundering, sanctions evasion and other forms of digital crime.