# TRM Labs

> Blockchain intelligence and AI investigations platform for financial institutions and law enforcement; $70M Series C at $1B in February 2026, followed by a September extension valued at $2B.

## Why it is interesting

TRM's own announcements distinguish two 2026 financing milestones: a disclosed $70M Series C at $1B, naming Alumni Ventures, and a later Series C expansion at $2B with no disclosed new round size. Treating the second valuation as another $70M raise would double count and obscure the economics of crypto-compliance tools.

## Profile

- **Latest funding:** Series C expansion — Undisclosed additional amount (September 9, 2026)
- **Latest known valuation:** $2B (September 9, 2026)
- **Total disclosed equity funding:** $70M
- **Stage:** growth
- **Status:** private
- **Industries:** crypto-web3, fintech, cybersecurity, ai-ml
- **Coverage:** full
- **Last updated:** 2026-10-29
- **Latest funding investors:** Blockchain Capital

## Key facts

- Feb 4, 2026: $70M Series C valued TRM Labs at $1B; Blockchain Capital led, AV named.
- Sep 9, 2026: strategic Series C expansion at $2B valuation, amount undisclosed.
- Company reports ARR quadrupled over three years; absolute ARR not disclosed.

## Funding history

- Series C expansion · Undisclosed additional amount · September 9, 2026
  Source: https://www.trmlabs.com/resources/blog/trm-labs-announces-series-c-expansion-at-usd-2-billion-valuation-to-continue-building-crimefighting-ai
- Series C · $70M · February 4, 2026
  Source: https://www.trmlabs.com/resources/blog/trm-labs-announces-70m-series-c-to-scale-ai-solutions-to-disrupt-criminal-networks-and-counter-national-security-threats

## Investors in our directory

- https://venturecapitaltracker.com/fund/alumni-ventures

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 29, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/trm-labs