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TRM Labs announces Series C expansion at $2 billion valuation to continue building crimefighting AI. The investment, led by Blockchain Capital, doubles the company's valuation from its Series C raise in February. September 09, 2026 09:00 ET | Source: TRM Labs, Inc. SAN FRANCISCO, Sept. 09, 2026 (GLOBE NEWSWIRE) - TRM Labs, the AI investigations company helping to fight modern crime, today announced a strategic Series C expansion valuing the company at USD 2 billion. The round, led by Blockchain Capital, comes as TRM's ARR has quadrupled in the past three years, and doubles the company's valuation from its Series C raise in February 2026. "In February, we led TRM's Series C. Since then, we've had a front row seat to a significant period of growth. This latest investment reflects that growth, and our firm conviction that TRM is the AI investigations platform of the future," said Spencer Bogart, general partner at Blockchain Capital. "TRM is helping to disrupt almost every facet of digital crime and, more critically, is now defining the category of AI investigations - a horizontal AI use case soon to be as widely known and used as coding and customer service." The investment comes at a critical time as the world adjusts to artificial intelligence, including its potential for both good and harm. To protect against those harms, model companies invest billions in guardrails and security protocols, and governments are assessing the role of policy in determining which forms of AI are safe. In the hands of criminals, however, AI is powerful enough to break through these protections. In 2024, the FBI's Internet Crime Complaint Center (IC3) reported USD 16 billion in losses to digital crime. In 2025, the number jumped to USD 21 billion, and in 2026, AI adoption by criminals has surged 40 percent year over year, per TRM's AI-in-Crime Adoption Index. Today, criminals are using AI to bring harm to our society at unprecedented speed and scale. A new layer of protection is needed - one that focuses on identifying and disrupting the operations of the criminals themselves. TRM is building this layer. Its AI-native investigations capabilities help investigators make sense of fragmented information across more than a hundred threat categories in order to create a complete picture of criminal activity. It enables human investigators to turn intelligence into disruption - alerting potential targets, freezing illicit funds, and blocking criminal networks. "Today's crimefighters are tasked with finding a needle in a haystack. Only, the haystack is enormous, with petabytes of data that today live in disparate systems," said Esteban Castaño, CEO and co-founder of TRM Labs. "At TRM, we're building the tools investigators need to operate at AI-scale and fight back against the world's most complex criminal networks, without compromising on evidentiary standards. If you're mission-driven, and are looking to build the future of crimefighting, join us." Today, more than 600 government agencies and private sector institutions across 75 countries rely on TRM's platform to disrupt criminal networks and counter national security threats, including digital fraud, scams, cybercrime, child exploitation, money laundering, and sanctions evasion. TRM is actively hiring talented AI researchers, data scientists, engineers, and domain experts to support its mission to build a safer world for all. About TRM Labs TRM Labs is the operating system for modern crimefighters, built to detect and disrupt the criminal networks that exploit frontier technologies, including cryptocurrency and AI. Combining proprietary intelligence, AI-native investigations software, and disruption network infrastructure, the platform is built for high-consequence environments where accuracy, auditability, and security are essential. TRM is trusted by 600+ government agencies and financial institutions across 75 countries to counter fraud, scams, cyber crime, child exploitation, money laundering, and sanctions evasion, among other illicit activities. Contact data. Release Summary TRM Labs, a leading AI investigations company helping combat modern crime, announced a strategic Series C expansion valuing the company at $2B. Company Profile TRM Labs, Inc. Industry: Financials Website: http://trmlabs.com

TRM Labs, a San Francisco startup specialising in tracking cryptocurrency-related crime, has doubled its valuation to $2 billion. The company raised an undisclosed "modest" amount from existing backers, six months after securing $70 million in Series C funding at a $1 billion valuation. CEO Esteban Castano said the increased valuation reflects the company's expanding artificial intelligence business. TRM Labs is launching a new platform to combat AI-driven crime, including deepfake fraud, sextortion and child sexual abuse. The startup expects to reach $100 million in annual recurring revenue within weeks. Founded in 2018, TRM Labs initially focused on blockchain forensics for newer cryptocurrencies like Ethereum and Tron. The company now employs around 500 people across offices in San Francisco, London, Singapore and Washington.

TRM Labs appoints MAS veteran Ziqing Ang as Head of Policy, APAC. Former Monetary Authority of Singapore (MAS), Sygnum, and BPI Financial executive joins TRM to lead policy engagement with regulators, law enforcement, and industry across Asia-Pacific. August 26, 2026 21:00 ET | Source: TRM Labs, Inc. SINGAPORE, Aug. 27, 2026 (GLOBE NEWSWIRE) - TRM Labs (TRM), the company building AI-first solutions to disrupt criminal networks, counter national security threats, and support compliant financial institutions, has appointed Ziqing Ang as Head of Policy, APAC. In this role, Ang will work with regulators, policymakers, law enforcement agencies, and private institutions across Asia-Pacific to advance efforts against illicit networks and to strengthen the region's collective response to emerging threats. Asia-Pacific has become one of the most consequential regions in the world for digital asset and AI policy, and criminal networks are leveraging this transformative technology to move at unprecedented speed and scale. TRM tracked adjusted crypto crime volume rising from approximately USD 123 million in 2020 to more than USD 103 billion in 2025, with investment scams, including pig butchering, driving 62% of last year's fraud inflows. Generative AI is compounding the problem. TRM has tracked a 40% increase in AI-enabled scam activity, from deepfake recruitment videos to fabricated account dashboards, as these tools move from experiment to operational infrastructure. APAC regulators are building digital asset and AI governance frameworks at the same time, giving the region a real opportunity to write enforcement and compliance tools directly into them from the start. Policy has to keep pace with criminal actors who are using technology to operate at unprecedented speed and scale. Ang brings more than a decade of experience at the intersection of policy, financial markets, digital assets and institutional business development. She began her career at the Monetary Authority of Singapore (MAS), spending more than eight years across financial markets development and reserve management, where she worked alongside industry and public-sector stakeholders to shape strategic initiatives advancing Singapore's capital markets ecosystem and its position as a global financial centre. She went on to manage fixed income portfolios and contribute to macroeconomic and investment research for Singapore's official foreign reserves. From MAS, Ang moved into the digital asset industry, joining Sygnum, the world's first regulated digital asset bank, as Vice President of Business Development, where she supported digital asset adoption among institutional and accredited investors. Most recently, she served as Chief Business Officer at Bright Point International Digital Assets (BPI Financial Group), where she led the development of the firm's OTC brokerage, spanning licensing and institutional infrastructure. "This is a moment when the public and private sectors must come together to get ahead of the threats emerging in this region," said Ari Redbord, Global Head of Policy at TRM Labs. "Ziqing brings deep expertise and experience working across both the public and private sectors, and the credibility to bring regulators and industry together around this work." "Asia-Pacific is at an important stage in how it regulates technology in the age of AI, and the decisions made over the next few years will shape the safety of the ecosystem," said Ziqing Ang, Head of Policy, APAC at TRM Labs. "I've spent my career moving between regulators and the institutions they oversee, and I've seen how much good regulation and strong partnerships between the public and private sector can do. TRM's focus on building a safer world is the kind of work I want to be part of, and I'm looking forward to working with regulators, law enforcement, and industry across the region to support responsible innovation." Ang's appointment reflects TRM's continued investment in Asia-Pacific and the growing importance of local policy expertise as governments and institutions build the frameworks for a compliant digital asset economy. It follows last month's appointment of former MAS regulator Claudia Hui as Head of Compliance Advisory, APAC, part of a broader expansion of TRM's policy, compliance, and go-to-market presence across the region. TRM is headquartered in San Francisco and is a distributed-first company with hubs in Los Angeles, San Francisco, New York, Washington D.C., London, and Singapore. The company is hiring across all functions, including applied AI, machine learning, engineering, data science, go-to-market, and operations. About TRM Labs TRM Labs is the intelligence platform for public safety and national security, built to detect and disrupt the criminal networks that exploit emerging technologies, including cryptocurrency and AI. Combining proprietary intelligence, AI-native investigations software, and disruption network infrastructure, the platform is built for high-consequence environments where accuracy, auditability, and security are essential. TRM is trusted by 600+ government agencies and financial institutions across 75 countries to counter fraud, scams, cyber crime, child exploitation, money laundering, and sanctions evasion. To learn more, visit www.trmlabs.com.