Norm Ai has raised $120 million in a Series C funding round at a $1.2 billion valuation, bringing its total funding to more than $260 million less than three years after the company was founded.
The round was led by Khosla Ventures, with participation from Blackstone, Bain Capital Ventures, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James, Jeff Hammes and Fenwick LLP.
Norm Ai develops AI agents for legal and regulatory work, while its affiliated AI-native law firm, Norm Law, uses the technology to deliver legal services under attorney supervision and an outcomes-based pricing model. The company said its platform is used by clients representing more than $30 trillion in assets under management, with the new funding set to support hiring, expand practice areas and further develop AI agents for regulated industries.
John Nay, Founder and CEO of Norm Ai, said: “We are building that interface in an increasingly agentic society to align legal services with the client, and align AI with human values.”
Source: Norm AI
Read the full article: https://www.norm.ai/resources/norm-ai-raises-20-million-at-a-1-2-billion-valuation
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