TRM Labs Hits Unicorn Status With $70M Series C Round

Blockchain intelligence firm TRM Labs has secured $70 million in Series C funding, pushing its valuation to $1 billion. The San Francisco-based company now joins the exclusive ranks of crypto unicorns amid growing institutional demand for AI-powered security solutions.

TRM Labs has raised USD 70 million in Series C funding — at a USD 1 billion valuation.

This raise fuels our core blockchain intelligence platform and accelerates our investment in AI solutions to disrupt criminal networks and national security threats.

We're proud to be backed… pic.twitter.com/SMZDBxVMl2

— TRM Labs (@trmlabs) February 4, 2026

Blockchain Capital, an early seed investor, led the funding round. Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Thoma Bravo, Citi Ventures, and Galaxy Ventures also participated in the investment.

The round marks significant traditional finance interest in blockchain analytics platforms. These companies are increasingly vital as AI-fueled scams and cyberattacks proliferate across the digital asset ecosystem.

TRM Labs provides AI solutions designed to combat cybercrime for both public and private institutions. The company focuses on defending against illicit activities that increasingly rely on automation and sophisticated technology.

Expansion Plans and Global Reach

The fresh capital will fuel significant workforce expansion for TRM Labs. The company plans to hire additional AI researchers, data scientists, engineers, and financial crime experts.

TRM Labs currently operates hubs in Los Angeles, New York, Washington, London, and Singapore. The global presence positions the company to serve institutions across multiple jurisdictions.

Esteban Castaño, co-founder and CEO of TRM Labs, outlined the company’s mission in a statement. He emphasized that TRM builds AI solutions addressing problems with real consequences for public safety and financial integrity.

National security concerns also drive the company’s development priorities. Critical infrastructure protection remains a key focus area for the expanding team.

The funding will advance TRM’s AI-powered investigation capabilities. These tools are designed to disrupt illicit activity before it causes significant damage.

Additionally, the company will enhance solutions helping institutions manage financial crime risks. Compliance and risk management tools are increasingly essential for crypto businesses.

The Series C round demonstrates continued investor confidence in blockchain analytics despite broader market uncertainty. Traditional financial institutions are clearly betting on the long-term importance of crypto security infrastructure.

TRM Labs’ unicorn valuation places it among the most valuable private companies in the blockchain security sector. The milestone underscores the growing recognition that sophisticated threat detection is essential for mainstream crypto adoption.

TRM Labs Fights the AI-Powered Scam Epidemic

The funding arrives at a critical moment for the crypto industry. Large language model usage in scams increased fivefold in 2025, according to TRM Labs data released Wednesday.

Fraudsters have leveraged AI technology to boost outreach capabilities and launch convincing scams at unprecedented scale. The firm’s 2026 crypto crime report revealed that $35 billion in cryptocurrency flowed to scammer addresses globally last year.

Illicit crypto volume hit a record USD 158B in 2025. But the share of illicit activity? Just 1.2%.

Read TRM’s 𝟐𝟎𝟐𝟔 𝐂𝐫𝐲𝐩𝐭𝐨 𝐂𝐫𝐢𝐦𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 for all the details 👉 https://t.co/DB9ivv9UCK pic.twitter.com/4a3pSbwqzi

— TRM Labs (@trmlabs) January 28, 2026

That figure represents a slight decrease from $38 billion recorded in the previous year. However, the sophistication of attacks continues to escalate rapidly.

TRM Labs noted that large language models enable scams to cross language and cultural barriers more easily. AI-generated images, voice cloning, and deepfake videos have reduced the cost of creating convincing personas.

These capabilities are expanding impersonation-style scams across messaging platforms and recruitment campaigns. Investment fraud has also surged as criminals exploit the technology.

In March last year, at least three crypto founders reported foiling attempts from alleged North Korean hackers. The attackers tried to steal sensitive data through fake Zoom calls using deepfake technology.

TRM Labs warned that victims can now be deceived even when aware of scam warnings. The increasing sophistication of AI tools makes traditional awareness campaigns less effective.

As AI-powered attacks become more prevalent, demand for equally sophisticated defense mechanisms continues to grow. TRM Labs appears well-positioned to capture this expanding market opportunity.