TRM Labs
TRM Labs is a Compliance & Analytics company founded in 2018 and based in San Francisco, United States. It has raised $220M in total funding, most recently a Series C in 2026 at a $1B valuation.
Founded in 2018 by Esteban Castaño and Rahul Raina, TRM Labs builds blockchain intelligence software used by financial institutions, crypto businesses and government agencies to detect and investigate crypto-facilitated crime, screen for sanctions and manage risk. The company positions its tooling around disrupting criminal networks and national-security threats, increasingly with AI — on March 25, 2026 it launched Co-Case Agent, an agentic-AI investigator that works cases alongside human analysts — and counts Circle, PayPal, Robinhood, Stripe and Visa among its marquee customers. In February 2026 TRM Labs raised a $70 million Series C led by Blockchain Capital at a $1 billion valuation, with backers including Goldman Sachs, Bessemer, Brevan Howard, Thoma Bravo and Citi Ventures.
TRM Labs is a leading challenger in blockchain forensics, supplying compliance and national-security customers with the analytics that underpin crypto risk and sanctions enforcement.
trmlabs.com ↗·Compliance & Analytics·
United States·private 
