Total amount raised
$86.1 Millions
Latest funding date
Location
Norm AI has successfully raised $48 million in funding, with its latest round being a Series B. The platform specializes in AI-powered regulatory compliance solutions, transforming complex regulations into manageable tasks for AI agents.
Keep reading to explore the intricacies of Norm AI's fundraising journey and the investors backing this innovative platform.
What Is Norm AI?
Norm AI, founded in 2023, is based in New York, New York. The company specializes in AI-powered regulatory compliance solutions, transforming complex regulations into manageable tasks for AI agents.
Founded by John Nay, Norm AI focuses on automating legal and compliance tasks through its platform, Legal Engineering Automation Platform (Leap). This platform leverages Large Language Models to convert intricate policies into functional AI systems.
With a team of 11-50 employees, Norm AI offers products like Regulatory AI Agents, Proactive Mitigation, Business Acceleration, Scaled Impact, and Seamless Collaboration.
How Much Funding Has Norm AI Raised?
- Seed Round
- Amount Raised: $11.1M
- Date: January 2024
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To emerge from stealth and develop initial AI compliance solutions.
- Series A
- Amount Raised: $27M
- Date: June 2024
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the development of the Legal Engineering Automation Platform (Leap).
- Series B
- Amount Raised: $48M
- Date: March 2025
- Lead Investors: Coatue, Craft Ventures, Marc Benioff
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate research and development and meet the growing demand for AI compliance solutions.
Total Amount Raised: $87.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Coatue
- Details: Coatue is a leading technology-focused investment firm founded by Philippe Laffont. The firm invests in both public and private markets, emphasizing innovation and growth.
- Investment Focus Areas: Technology, media, telecommunications, consumer sectors.
- Notable Investments: Snapchat, DoorDash, ByteDance.
- Craft Ventures
- Details: Craft Ventures is a venture capital firm co-founded by David Sacks and Bill Lee. The firm focuses on early-stage and growth-stage technology companies.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Airbnb, SpaceX, Slack.
- Vanguard
- Details: Vanguard is an investment management company known for its mutual funds and ETFs. It manages a broad range of investment portfolios across various sectors.
- Investment Focus Areas: Broad sectors through mutual funds, ETFs.
- Notable Investments: Apple, Microsoft, Amazon.
- Blackstone Innovations Investments
- Details: Blackstone Innovations Investments is the venture capital arm of Blackstone, focusing on innovative technology investments. The firm supports companies that drive technological advancements.
- Investment Focus Areas: Technology, innovation across various sectors.
- Notable Investments: Bumble, Oatly, Ancestry.
- Bain Capital
- Details: Bain Capital is a private investment firm that invests across various asset classes, including private equity, venture capital, and credit. The firm is known for its strategic investments and growth support.
- Investment Focus Areas: Private equity, venture capital, credit, public equity, real estate.
- Notable Investments: LinkedIn, Jet.com, DocuSign.
What's Next for Norm AI?
Norm AI stands at the cusp of a significant opportunity, with the legal and compliance tech market projected to reach $21.9 billion by 2034. Their proprietary programming language and "compliant by design" approach position them to transform regulatory requirements into intelligent systems, embedding compliance checks seamlessly into business workflows. This expansive market potential suggests that Norm AI could continue to attract substantial investment, further scaling their operations and enhancing their platform capabilities.
However, the path forward is not without challenges. Norm AI must navigate the complexities of rapidly changing regulatory environments and ensure the accuracy and reliability of their AI systems. Competing with other companies in the growing compliance tech space will also be a significant hurdle. Despite these challenges, the involvement of high-profile investors and strategic advisors like Troy Paredes indicates a promising future, with potential for further fundraising and even acquisition by larger tech firms seeking to bolster their compliance automation capabilities.
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