Blockchain Analytics Firm TRM Labs Achieves Unicorn Status with $1B Valuation After $70M Raise
Blockchain intelligence company TRM Labs has joined the crypto unicorn club following a Series C funding round worth $70 million that attracted backing from major players including Goldman Sachs, Citi Ventures, and Galaxy Digital, pushing its valuation to $1 billion.
Following the successful closure of a $70 million Series C financing round, blockchain intelligence platform TRM Labs has achieved a $1 billion valuation, marking its entry into the prestigious unicorn category as the newest crypto company to reach this milestone.
Blockchain Capital, an early seed investor in the company, spearheaded the funding round, which saw contributions from notable participants including Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Thoma Bravo, Citi Ventures and Galaxy Ventures, as detailed in a news release issued on Wednesday.
The mission of TRM Labs centers on providing both public and private sector institutions with artificial intelligence-driven solutions designed to fight cybercrime. The platform is built to defend against criminal activities that are increasingly leveraging automated technologies.
"At TRM, we're building AI for problems that have real consequences for public safety, financial integrity, and national security," wrote Esteban Castaño, co-founder and CEO of TRM Labs.
"This funding allows our world-class team — and the people who will join us next — to innovate alongside institutions on the front lines of the most consequential threats, and expand the potential of AI to meaningfully improve how our critical systems are protected."
The successful $70 million funding round demonstrates that investment capital continues to pour into blockchain analytics platforms that are dedicated to preventing the proliferation of AI-powered scams and cyberattacks, with significant interest coming from major traditional financial institutions.
TRM Labs to expand global workforce, advance AI compliance and investigation tools
Headquartered in San Francisco, TRM maintains operational hubs across multiple major cities including Los Angeles, New York, Washington, London and Singapore.
According to the company, the fresh capital injection will be allocated toward growing its international team of AI researchers, data scientists, engineers and financial crime specialists.
The funding will also support the enhancement of the company's AI-driven investigation capabilities aimed at disrupting illegal activities and developing solutions that assist institutions in managing risks associated with financial crimes.
Crypto phishing scams see resurgence due to generative AI advancements
Phishing scams targeting cryptocurrency holders have represented a persistent challenge within the industry, experiencing renewed growth as a result of developments in generative artificial intelligence. These attacks typically involve threat actors distributing malicious links to unsuspecting victims with the goal of obtaining sensitive data, including private keys to cryptocurrency wallets.
In December, a Bitcoin (BTC) investor lost his entire retirement fund to an AI-fueled romance scam known as a "pig butchering." In this case, the scammer used AI-generated images to emotionally manipulate the victim into sending over his Bitcoin.
Nevertheless, the declining frequency of such incidents indicates that cryptocurrency investors are developing stronger capabilities in protecting their digital assets against malicious actors.
Financial losses attributed to phishing scams dropped by 83% on a year-over-year basis, declining to $83.3 million in 2025, down from $494 million in 2024, based on data from a report published by Web3 security tool Scam Sniffer.