TRM Labs, a blockchain intelligence firm focused on crypto investigations, says its valuation doubles to $2 billion as it expands through a Series C. Cointelegraph reports the company’s annual recurring revenue (ARR) has quadrupled over the past three years, driven by growth in its AI-powered investigation services.
Fortune adds that TRM Labs declines to specify the size of the follow-on round. The outlet reports the company says it is on track to reach ARR of $100 million in 2026. While both sources link the valuation increase to scaling its AI investigations offering, they differ on details such as round size and the specific figures emphasized beyond ARR growth.
