Regulatory compliance platform Norm Ai raises $27 million

Norm Ai has raised $27 million in Series A funding led by Coatue and supported by Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital.

Founded in 2023, Norm Ai has developed an AI platform that converts regulations into computer code. These Regulatory AI Agents automate compliance analyses, enabling insurance companies and asset managers to publish regulated content faster.

“I’ve been conducting research at the intersection of AI and law for more than a decade. We are now at an inflection point in AI capabilities that, when properly harnessed, unlock massive improvements in regulatory compliance workflows across the economy. To have the Series A backing of such notable institutions is a testament to Norm Ai’s leadership in Regulatory AI.” – Norm Ai founder and CEO John Nay.

“New York Life is committed to leaning into AI solutions to enhance experiences for our clients, agents, and employees. Deploying AI within regulatory frameworks presents a unique set of challenges. Norm’s platform comprised of Regulatory AI Agents represents a game-changing opportunity for our industry. We’ve had the privilege of seeing Norm execute rapidly since their inception and are excited to back the company as investors.” – Joel Albarella, head of New York Life Ventures .