CoinScoopTRM Labs Valuation Hits $2 Billion, Announces AI Crime Detection Platform
Blockchain forensics startup TRM Labs (TRM Labs) has doubled its valuation to $2 billion following a new funding round from existing shareholders. Driven by AI business growth, the company expects to reach $100 million in annual recurring revenue (ARR) soon. It plans to launch an AI-powered crime investigation platform in November, targeting financial fraud, deepfakes, and child exploitation. CEO Esteban Castano stated that AI serves as a secondary growth engine, while blockchain intelligence remains the core business.
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