TRM Labs receives additional investment from existing investors, doubling its valuation to $2 billion

San Francisco based cryptocurrency tracking company TRM Labs has received additional investment from existing investors six months after completing a $70 million Series C funding round, doubling its valuation to $2 billion. CEO Esteban Castano stated that the company's mission has expanded from blockchain forensics to mapping cybercrime, with AI business becoming the second growth engine and core encryption business remaining strong. The company is about to launch a new investigation platform targeting AI driven deepfake fraud, pornography extortion, and child sexual abuse crimes. (Source: Fortune Magazine)