Blockchain intelligence firm TRM Labs has closed a $70 million Series C round that values the company at $1 billion, making it the newest crypto unicorn. The financing was led by early backer Blockchain Capital and included participation from Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Thoma Bravo, Citi Ventures and Galaxy Ventures.
TRM develops AI-driven analytics and investigative tools for public and private institutions to detect and disrupt cybercrime and illicit activity that increasingly use automation. Esteban Castaño, TRM’s co-founder and CEO, said the company is building AI for problems with real consequences for public safety, financial integrity and national security. He added that the new funding will help TRM work more closely with institutions facing high-stakes threats and expand protections for critical systems.
Headquartered in San Francisco with hubs in Los Angeles, New York, Washington, London and Singapore, TRM plans to use the capital to grow its global team of AI researchers, data scientists, engineers and financial-crime specialists. The company will advance AI-powered investigations to disrupt illicit actors and broaden solutions that help organizations manage financial-crime risk.
The round highlights sustained investor interest in blockchain analytics companies as threats evolve with generative AI. Phishing and other crypto scams have resurged as attackers deploy fraudulent links and synthetic media to trick victims into revealing wallet keys or transferring funds. In one notable case, an investor reportedly lost a retirement fund in an AI-driven romance “pig butchering” scam that used AI-generated images to manipulate the victim.
At the same time, some data point to improving defenses. Web3 security tool Scam Sniffer reported phishing losses fell about 83% year-over-year, from $494 million in 2024 to $83.3 million in 2025, with fewer victims and a downward trend in monthly incidents, suggesting platforms and users are getting better at protecting assets.
Cointelegraph is committed to independent, transparent journalism. Readers are encouraged to verify information independently. Read the Editorial Policy at cointelegraph.com/editorial-policy.