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The company will use the funds to scale AI-driven solutions for detecting and disrupting illicit blockchain activity.
TRM Labs announced a $70 million Series C round, led by Blockchain Capital and joined by returning and new investors, bringing its valuation to $1 billion.
The funding comes amid strong revenue growth and will accelerate TRM’s mission to equip law enforcement, national security agencies, and financial institutions with AI tools to combat crime.
Investments will focus on expanding its team, advancing AI compliance solutions, and enhancing investigative capabilities.
This is a developing story.
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