TRM Labs valuation doubles to $2 billion as crypto crime fighter scales AI services
Fortune 5
TRM Labs raised an add-on to its September Series C round and said the move doubled its valuation as the company scaled AI-focused crime-fighting services. The valuation went from a reported $1 billion to $2 billion. The company is rolling out a new platform it says will help law enforcement identify and stop AI-driven scams, with an additional focus on fraud, sextortion, and child sexual abuse investigations.