TRM Labs doubles valuation to $2B in Series C expansion
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
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 latest investment amount but noted its annual recurring revenue has quadrupled over the past three years. TRM provides investigation software used by over 600 government agencies and private-sector institutions in 75 countries.
Why it matters
The source highlights TRM Labs' growth in valuation and revenue as a sign of increasing demand for blockchain intelligence tools amid rising digital crime. The company’s AI-powered software supports investigations into fraud, money laundering, and sanctions evasion, which are critical given the reported increase in digital crime losses and criminal use of AI.
Key context
TRM Labs had a $70 million Series C funding round in February 2026 that brought its valuation above $1 billion, with investors including Citi Ventures and Galaxy. The $2 billion valuation came shortly after TRM received about $95 million from US Immigration and Customs Enforcement (ICE) for forensic software services, a contract challenged in court by rival Chainalysis.
Key numbers and entities
TRM Labs’ valuation rose from $930 million before February 2026 to $2 billion after the funding round expansion. TRM serves over 600 agencies and institutions across 75 countries. FBI internet crime complaint center loss reports rose to $21 billion in 2025 from $16 billion in 2024. Criminal AI adoption increased by 40% year over year in 2026. The ICE contract is approximately $95 million.
What remains unclear
The exact size of the latest funding expansion in the Series C round remains undisclosed. Details of the court challenge by Chainalysis against the ICE contract decision are not provided. The source does not specify TRM Labs' revenue figures beyond stating a quadrupling of annual recurring revenue in three years.