Norm Ai, a leading Regulatory AI agent company, has secured a significant $48 million in funding from top investors including Coatue, Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, TIAA Ventures, and Marc Benioff. This latest round of funding brings the total raised by Norm Ai to an impressive $87 million over the past 18 months.
Norm Ai is revolutionizing the way enterprises handle legal, regulatory, and industry requirements with its legal & compliance automation platform. The platform offers a unique “compliant by design” approach, integrating compliance checks into various business activities such as AI-generated content, internal communications, agreements, and external corporate communications like marketing content and sales materials. By proactively implementing compliance checks, Norm Ai delivers an end-to-end enterprise-wide solution that streamlines processes and ensures regulatory compliance.
At the core of Norm Ai’s solution is their Legal Engineering Automation Platform (Leap), a proprietary system that enables the creation of AI Agents with legal and regulatory domain expertise. This technology empowers lawyers and ex-regulators at Norm Ai to convert complex policies into operational AI systems powered by Large Language Models, reducing time-consuming tasks to mere minutes.
Founder and CEO of Norm Ai, John Nay, expressed his excitement about the strategic investment, stating, “We built Norm Ai to turn regulatory requirements, legal obligations, and corporate policies into intelligent systems that can be embedded into business workflows. This investment will accelerate our research and development efforts across legal and regulatory frameworks to meet the growing demand for AI compliance solutions.”
In addition to the funding announcement, Norm Ai welcomed former SEC Commissioner Troy Paredes as Senior Policy Advisor and Head of Capital Markets Strategy. Paredes brings a wealth of experience in regulatory and compliance environments, having served as a Commissioner of the U.S. Securities and Exchange Commission from 2008-2013. His appointment underscores Norm Ai’s commitment to setting the norms for regulatory and compliance AI.
Norm Ai is at the forefront of Regulatory AI, helping large enterprises enhance the efficiency and effectiveness of their legal and compliance programs. By converting regulations, laws, corporate policies, and legal obligations into compliance AI systems, Norm Ai is paving the way for a more streamlined and compliant future in the business world. To learn more about Norm Ai and their innovative solutions, visit www.norm.ai.
