Norm Ai raises $48 million

Compliance AI platform Norm Ai has raised $48 million from Coatue, Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, TIAA Ventures, and Marc Benioff, bringing the total funds raised to $87 million over the past 18 months.

Founded in 2023, Norm Ai can help compliance professionals evaluate whether proposed content or actions are compliant with relevant regulations. The platform offers a “compliant by design” approach that integrates compliance checks into business activities, including AI-generated content, internal communications, agreements, and external corporate communications such as marketing content and sales materials.

Norm’s solution is built with their Legal Engineering Automation Platform, a proprietary system for creating AI Agents with legal and regulatory domain expertise. Leap empowers lawyers and ex-regulators at Norm Ai to convert complex policies into operational AI systems powered by Large Language Models.

“We built Norm Ai to turn regulatory requirements, legal obligations, and corporate policies into intelligent systems that can be embedded into business workflows, reducing what used to take days into minutes. This strategic investment accelerates our research and development across legal and regulatory frameworks to meet demand for AI compliance solutions.” – John Nay, Founder and CEO of Norm Ai.

“We are thrilled to invest in Norm Ai and John. Norm’s innovative approach to automating compliance reviews allows them to continue to define regulatory AI. This investment reinforces our conviction in their vision and technology.” – Philippe Laffont, Founder of Coatue.