Overview
Norm Ai is a regulatory AI company founded in 2023[4] by John Nay[3] that automates legal and compliance tasks[3]. The company operates as a legal AI platform designed to automate legal and compliance work for regulated companies[1]. In July 2026, Norm Ai raised $120 million in Series C funding led by Khosla Ventures, valuing the company at $1.2 billion[2]. This round brought the company's total funding to more than $260 million[2].
Norm Ai is structured in three parts: Norm Law, an affiliated law firm where legal expertise is practiced and encoded; Norm Technology, where domain specialists build the AI agents; and Supervisory AI, a verification layer that validates the outputs of AI agents. [9]
Norm Ai builds what it calls 'agentic law': the embedding of legal and regulatory rules into AI agents to automate legal and compliance tasks for regulated companies. [11]
Company about page states the company is "Built in the heart of NYC" and that "New York is where institutions make the decisions" [12]
Customers
Norm Ai's customers include institutions managing more than $35 trillion in combined assets, among them Vanguard, Blackstone, Bain Capital, Citi, TIAA and Coatue. [10]
Funding & milestones
2 events found for Norm Ai · 2026
Series CVenture / equityDetails$120M
Reported amount $120,000,000
Source not attached to this recordDeal record- Undated
Series BVenture / equityDetails$48M
Reported amount $48,000,000
Source not attached to this recordDeal record
Recorded history so far. Original currencies are preserved; amounts in different currencies are not added together. Debt, grants, acquisitions and listings are separate event types. Undated events appear last.
Profile narrative
Norm Ai raised a $120M Series C led by Khosla Ventures with Blackstone, Bain Capital Ventures, Craft Ventures, Coatue, Vanguard, New York Life, TIAA and law firm Fenwick & West participating, bringing total reported equity funding to $260M. Founded in 2023 by John Nay. [3] (Jul 7, 2026)
Leadership & org chart
In the news
- Reposted Daniel Litt
- Reposted Vinod Khosla
- we’ve developed proprietary benchmarks for legal reasoning maintained by attorneys at Norm. because Norm Law attorneys, while serving as outside counsel to hedge funds, PE firms, etc. deploy AI agents in their day-to-day work, we can uniquely build real legal AI benchmarking. https://t.co/d5v3vPdLOr
Recent developments
- Norm Ai raises $120M Series C at $1.2B valuation. Norm Ai raised a $120 million Series C led by Khosla Ventures at a $1.2 billion valuation, bringing total funding to more than $260 million.[2]Jul 7, 2026
- Norm Ai's $120M Series C valued the company at $1.2 billion, making the AI law startup a unicorn.[4]Jul 7, 2026
Backers
Bain Capital Ventures
Venture firm investing across apps, infrastructure, commerce, fintech, healthcare, physical AI and security
Bain Capital
Bain Capital is a global private investment firm with multiple investment platforms including Private Equity, Growth & Venture Capital, Solutions, Credit, and Real Assets. The firm invests across sectors including technology, healthcare, life sciences, and real estate.
Khosla Ventures
Venture capital firm investing from established fintech through frontier AI research organizations
Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on
Coatue
NYC-based investment firm active in public and private technology markets, expanding access to innovation
New York Life
New York Life offers life insurance, annuities, mutual funds, retirement planning, wealth management, and other financial products and advisory services.
Vanguard
We are a community of 50 million who think—and feel—differently about investing. Together, we’re changing the way the world invests. For over 50 years, Vanguard has helped people pursue their financial goals with a spotlight on long-term value and low costs. We’ve made it a focus to put investors first, so whether you’re saving for your first home or investing for a comfortable retirement, we’re here to help you succeed. Community guidelines: vgi.vg/sgl1
TIAA
At TIAA, we believe everyone has the right to retire with dignity. For more than 100 years, we’ve provided retirement plans, insurance, and investment services, empowering millions of people— in education, healthcare, and nonprofit —with the knowledge, guidance, and lifetime income needed to plan their futures. We are fighting to ensure a more secure financial future for all and for generations to come. Visit tiaa.org to learn more about preparing for a more secure retirement. For our Terms
Craft Ventures
Craft Ventures is a venture capital firm founded by former founders and operators that invests in technology companies. The page describes their portfolio investments, team of senior operators, and investment thesis focused on helping founders build companies.
New York Life Ventures
New York Life Ventures invests in and partners with innovative technology companies in fintech, insurtech, enterprise software, and adjacent categories from seed to growth stage. The firm has over $1 billion in assets under management and has been investing since 2012.
- CVCiti Ventures
- NYNew York Life
- BIBlackstone Innovations Investments
- F&Fenwick & West
- JHJeff Hammes
- TJTony James
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