TRM Labs Raises Series C Extension at $2B Valuation

TRM Labs, based in San Francisco, California, is an AI investigations software company that helps government agencies and financial institutions fight digital crime. The company announced a strategic Series C expansion round that values the firm at $2 billion. This latest investment doubles the valuation from the company's previous Series C raise conducted in February 2026.

Investors

The funding round was led by Blockchain Capital. No additional participating investors were disclosed in the announcement.

TRM Labs Use of Funds

TRM Labs plans to use the new capital to continue building its AI-native investigations platform and further develop its crimefighting tools to help investigators disrupt criminal networks operating at AI scale.

About TRM Labs

Founded in 2018 by Esteban Castano, TRM Labs serves as an operating system for modern crimefighters. The company provides a platform that combines proprietary intelligence with AI-native investigations software to help organizations detect and disrupt criminal networks involved in fraud, scams, money laundering, and sanctions evasion.

Funding Details

Company Website: https://trmlabs.com

Company: TRM Labs
Round: Series C Extension
Funding Date: September 9, 2026
Lead Investor: Blockchain Capital
Company Website: www.trmlabs.com
Software Category: Cybersecurity, AI, RegTech
Source: https://www.trmlabs.com/resources/blog/trm-labs-announces-series-c-expansion-at-usd-2-billion-valuation-to-continue-building-crimefighting-ai