San Francisco-based TRM Labs has doubled its valuation to $2 billion, just six months after becoming a unicorn. The blockchain intelligence firm closed an extension to its Series C round, driven by surging demand for its AI-powered crime-fighting tools. The company raised $70 million in February 2026 during its initial Series C, pushing its valuation to $1 billion. TRM Labs reports annual revenue growth exceeding 150% over the past five years. The firm, whose clients include Coinbase and PayPal, maintains a database of over 2.4 billion labeled addresses linked to illicit activities across more than 180 blockchains.
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