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].
Funding
- Series C, $120MJul 7, 2026
with Khosla Ventures, Blackstone, Bain Capital Ventures, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James, Jeff Hammes, Fenwick & West
- Series B, $48M
with Bain Capital, Blackstone Innovations Investments, Citi Ventures, Coatue, Craft Ventures, New York Life Ventures, TIAA, Vanguard
Key people
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
Funding history
- 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
Product
- 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.[10]
- 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]
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.[9]
NYC headquarters
- Company about page states the company is "Built in the heart of NYC" and that "New York is where institutions make the decisions"[12]
Backers
- FBain Capital
Bain Capital Ventures
Venture firm investing across apps, infrastructure, commerce, fintech, healthcare, physical AI and security
- FBlackstone
- FBlackstone Innovations Investments
- FCiti Ventures
Coatue
NYC-based investment firm active in public and private technology markets, expanding access to innovation
- FCraft Ventures
- FFenwick & West
- FJeff Hammes
- FKhosla Ventures
Venture capital firm investing from established fintech through frontier AI research organizations
New York Life
New York Life offers life insurance, annuities, mutual funds, retirement planning, wealth management, and other financial products and advisory services.
- FNew York Life
- FNew York Life Ventures
- FTIAA
- FTony James
- FVanguard
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