According to ChainCatcher, as reported by Fortune magazine, just six months after completing a $70 million Series C funding round in September 2025 that valued the San Francisco-based crypto crime tracking firm TRM Labs at $1 billion, the company has secured additional investment from existing investors, doubling its valuation to $2 billion. CEO Esteban Castano stated that the company’s mission has expanded from blockchain forensics to broader cybercrime mapping, with AI becoming a second growth engine rather than a transformation—its core crypto business remains strong. The company is set to launch a new investigation platform specifically targeting AI-driven deepfake scams, sextortion, and child sexual abuse. Castano noted that the widespread adoption of cryptocurrency has made it possible to map criminal networks comprehensively, and the company expects to reach a $100 million annual recurring revenue milestone in the coming weeks. TRM Labs currently employs approximately 500 people and has offices in London, Singapore, and Washington.
TRM Labs' valuation doubles to $2 billion following additional investment
ChaincatcherShare
Summary
TRM Labs, a San Francisco-based crypto crime tracking firm, has now reached a $2 billion valuation following additional investment from existing backers. The company, which raised $70 million in a Series C round in September 2025 at a $1 billion valuation, is expanding its mission to encompass broader cybercrime mapping. CEO Esteban Castano highlighted AI as a key growth driver, with a new platform targeting AI-powered deepfake fraud and sextortion. The company anticipates reaching $100 million in annual recurring revenue soon, with 500 employees across global offices. This development reflects growing momentum in the AI and crypto ecosystem.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.