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Fortune
Fortune
Leo Schwartz

Crypto crime-fighting startup TRM Labs notches $1 billion valuation with new $70 million funding round

(Credit: Kent Nishimura—Getty Images)

When TRM Labs cofounders Esteban Castaño and Rahul Raina moved to San Francisco in 2018 to create a startup, their mentors told them that great companies are built when you believe something about the world that others don’t. Along with a passion for technology and national security, the pair shared a conviction that billions of people would use digital assets to move money around the world. 

“Then we asked ourselves, ‘What’s the second order consequence?’” Castaño said. “The world would need intelligence to make sense of that data to ultimately manage risk, and thankfully, that turned out to be true.”

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