Blockchain analytics firm TRMLabs has raised $ 60 million in Series B funding led by TigerGlobal

On December 7, blockchain analytics firm TRM Labs raised $ 60 million in Series B funding, led by Tiger Global. American Express Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square, Inc.) and PayPal Ventures, B Capital Group, Bessemer Venture Partners, Blockchain Capital, Cap Table Coalition, Castle Island Ventures, Initialized Capital, Operator Partners and others have joined the investment. With this new funding, TRM Labs plans to strengthen its product portfolio. According to the report, TRM Labs is helping financial companies and the government investigate cases of crypto fraud, money laundering, and other financial frauds. It also analyzes blockchain data and integrates it into Data Statistics (SAS) applications and APIs to help users access their wallets. , and supervises more than 900,000 industrial assets through 23 different blockchains. TRM Labs said that since the launch of Y Combinator in 2019, sales have grown 600% in the past year and that it has expanded its team to include financial experts and count data from the FBI, Secret Service. and Europol. The number of researchers from Apple, Amazon and Google has increased from 4 to 60. Esteban Castaño, co-founder and CEO of the company, says FTX.US is one of its clients. (Forbes)