TRM Labs, the company building AI solutions to disrupt criminal networks and counter national security threats, announced a recently-closed USD 70 million Series C funding round valuing the company at USD 1 billion.

Blockchain Capital led the round, having previously led TRM's pre-seed round in 2018, and is joined by fellow returning investors CMT Digital, Goldman Sachs, Bessemer Venture Partners, DRW Venture Capital (DRW VC), Y Combinator, Thoma Bravo, Alumni Ventures, Citi Ventures, Brevan Howard Digital, and new strategic investor Galaxy Ventures.