Funds will support product development and talent acquisition, as well as demand for Incident Response services and training programs.
Blockchain-based intelligence company TRM Labs has announced a $70 million expansion to its Series B funding round, bringing the total raised to $130 million, announced the company on Nov. 9. Among the world's largest private equity firms, Series B investor Thoma Bravo manages more than $122 billion in assets.
Funds will support product development and talent acquisition to deliver accessible tools to counter illicit finance and fraud, as well as demand for Incident Response services and training programs, said the company. Since the initial Series B round in December, the company has acquired CSITech — a crypto and blockchain investigative firm known for its expertise in blockchain forensics — and launched Chainsbuse, a free community-powered scam reporting platform.for law enforcement agencies, regulatory bodies, tax authorities and financial intelligence units worldwide, supporting investigations and analysis of crypto-related fraud and financial crime.
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