TRM Labs valuation doubles to $2B in less than six months

Blockchain analytics firm TRM Labs’ valuation has doubled from $1 billion to $2 billion in less than six months, Fortune reported. TRM Labs said it was valued at $1 billion when it raised $70 million in a Series C round in September last year, and that a follow-on investment in the same round later lifted the valuation to $2 billion, reflecting rapid growth in its AI business.