Blockchain Intelligence startup TRM Labs raises $60 Million in Series B funding

TRM Labs

TRM Labs, a California-based blockchain intelligence company, has now secured $60 million in a Series B funding round.

TRM Labs is founded by the Esteban Castano. It developed a blockchain intelligence platform that combines cross-chain data with advanced analytics, threat intelligence, intuitive visualizations and advanced analytics to help organizations detect crypto fraud and financial crime.

Executive Opinion

Esteban CastaƱo, co-founder and CEO of TRM, said, "Crypto is moving faster than any sector in our lifetimes. Organizations need a blockchain intelligence partner that can stay ahead of the evolving risk landscape — from ransomware attacks to DeFi exploits. This round enables TRM to continue to offer the most reliable data and most innovative technology solutions in the market to its customers."

John Curtius, partner at Tiger Global, said, "TRM is well-positioned to lead the industry as the premier blockchain intelligence solution. Customers highlight TRM's breadth of asset coverage and risk engine configurability as dramatic improvements to existing risk management frameworks."

TRM Labs latest funding

The round was backed by Tiger Global with participation from AMEX Ventures, DRW Venture Capital, Visa, Citi Ventures, Marshall Wace, Jump Capital, Block, B Capital Group, PayPal Ventures, Blockchain Capital, Bessemer Venture Partners, Castle Island Ventures and Cap Table Coalition.

The company, as of now, has plans to use the new funds to expand operations, hiring across the product, engineering, sales team and enhance its business outreach, notes the announcement.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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