Norm Ai raises $120 million at $1.2 billion valuation

Norm Ai , an AI company focused on legal and regulatory automation, has raised a $120 million Series C round at a $1.2 billion valuation, bringing its total funding to $256 million.

The round was led by Khosla Ventures and included participation from Blackstone, Bain Capital Ventures, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James, Jeff Hammes, and Fenwick LLP.

Founded in 2023, Norm Ai develops AI agents designed for regulated and legal work, combining AI engineers and attorneys to embed legal reasoning into automated workflows. Its affiliated law firm, Norm Law, uses the platform to provide legal services with senior lawyers overseeing AI-generated work. The firm prices services based on outcomes rather than billable hours.

The Series C funding will be used to expand hiring, broaden legal practice areas, and further develop AI agents that oversee enterprise AI deployments in regulated industries.

“As AI capabilities race forward, one of the greatest opportunities is to build the interface between AI and the most legitimate encapsulation of human values: law. We are building that interface in an increasingly agentic society to (1) align legal services with the client, and (2) align AI with human values.” – John Nay, founder and CEO of Norm Ai.