TRM Labs, Inc.

TRM Labs, Inc. is a US-based provider of blockchain intelligence solutions, specializing in the detection and investigation of crypto-facilitated crime for government agencies and financial institutions. Founded in 2018 by Esteban Castaño and Rahul Raina, TRM Labs, Inc. operates from its headquarters in San Francisco, US.

The company has focused its business on enhancing blockchain analytics capabilities. In February 2026, TRM Labs, Inc. raised USD 70 million in series C funding led by Blockchain Capital, with participation from Goldman Sachs Asset Management, Bessemer Venture Partners, DRW Venture Capital, Y Combinator, Thoma Bravo, Alumni Ventures Group, Citi Ventures, CMT Digital, Brevan Howard Digital, and Galaxy Ventures. The series C funding values TRM Labs at USD 1 billion post-money.

TRM Labs provides a comprehensive blockchain intelligence platform designed to detect and investigate crypto-facilitated crime, offering crucial services for government agencies, financial institutions, and cryptocurrency businesses globally. The core product suite includes advanced forensics tools, tactical transaction monitoring, and wallet screening functionalities, all powered by an extensive database that encompasses over 200 million assets across more than 35 blockchains. These tools support users in identifying and mitigating risks associated with illicit activities, such as sanctions evasion, terrorist financing, and fraud. TRM Labs targets markets in North America, Europe, and Asia-Pacific, serving a diverse customer base that includes law enforcement agencies, national security organizations, regulators, banks, and cryptocurrency firms, thereby enhancing trust and compliance in the digital asset ecosystem.

TRM Labs generates revenue through subscription-based models that provide clients access to its suite of blockchain intelligence services. Clients typically engage with the firm through tiered subscription plans that offer varying levels of access to its proprietary analytics tools and databases, tailored to meet the specific needs of each organization. Law enforcement agencies may subscribe to enhanced forensics capabilities to assist in criminal investigations, while financial institutions may utilize transaction monitoring services to ensure compliance with anti-money laundering (AML) regulations. Partnerships with regulatory bodies and financial entities further augment TRM Labs’ revenue model, creating a robust ecosystem for compliance and risk management in the digital currency space.

The company will use the February 2026 funding to accelerate investment in enhancing illicit activity detection capabilities, expanding its AI and financial crime expertise team, and advancing solutions that help institutions manage financial crime risk more efficiently.