TRM Labs Raises $70M, Reaches $1B Valuation ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿช™

Blockchain analytics firm TRM Labs has raised $70M in a Series C round, pushing its valuation to $1 billion as demand surges for crypto crime detection tools. The round was led by Blockchain Capital, with backing from Goldman Sachs, Citi Ventures, Bessemer, Thoma Bravo, and Brevan Howard. TRM now counts total funding at roughly $220M.

TRMโ€™s software tracks transactions across multiple blockchains and is used by agencies like the IRS and FBI, along with global banks. The firm reports a 500% rise in AI-driven crypto scams and, through partnerships with Tron and Tether, has helped freeze over $300M in illicit assets. ๐Ÿšจโšก$BTC

BTC
BTC
69,570
-0.94%

$TRX

TRX
TRX
0.2778
+1.83%

#CryptoSecurity #BlockchainAnalytics #Web3 #Fintech #CryptoCompliance