TRM Labs, a blockchain analytics firm, has doubled its valuation to $2 billion following an expansion of its Series C round. The company, which is leaning into AI-driven investigations, also reported that its annual recurring revenue (ARR) has grown 4x over the past three years.

What Happened

TRM Labs confirmed its new $2B valuation as a result of the Series C extension. The move highlights surging demand for blockchain intelligence tools and solutions for digital asset investigations and risk monitoring.

Revenue Growth

According to the company, ARR has quadrupled in three years. While TRM Labs hasn’t shared exact numbers, this growth points to the strength of its subscription model and steady demand for crypto analytics across the industry.

AI-Powered Investigations Take Center Stage

TRM Labs is ramping up its AI investigations business, zeroing in on tools that help uncover and analyze complex on-chain connections. The company sees this focus as a key driver for its expanding product lineup.