Norm Ai Raises $27M in Series A to Advance AI-Powered Regulatory Compliance
Norm Ai is a leader in the field of AI-powered regulatory compliance, helping Fortune 100 companies perform critical regulatory assessments more effectively.
Company Name: Norm Ai
Location: New York City, NY
Sector: Artificial Intelligence, Regulatory Compliance
Funding Details: Raised $27M in Series A funding, bringing the total raised over the past 11 months to more than $38M. The round was led by Coatue, with participation from Bain Capital Ventures, Blackstone, New York Life Ventures, Citi Ventures, TIAA Ventures, and Tony James, former President of Blackstone. Sri Viswanath, General Partner at Coatue and former CTO of Atlassian, will join Norm’s board.
Purpose of Investment: To continue expanding the platform and grow its client base.
Leadership: Led by Founder and CEO John Nay.
Product: Norm has developed an innovative AI platform that converts regulations into computer code. This platform uses a proprietary language to represent government regulations and corporate policies as decision trees, which are then turned into executable computer programs using large language models. These programs, known as Regulatory AI Agents, automate compliance analyses to improve efficiency, comprehensiveness, and accuracy. Norm’s technology also lays the groundwork for deeper AI integration into business operations, ensuring that AI-driven actions and content adhere to regulatory policies.
About Company: Norm Ai is a leader in the field of AI-powered regulatory compliance, helping Fortune 100 companies perform critical regulatory assessments more effectively. With a team of AI engineers and legal experts, Norm Ai is reshaping how businesses manage and comply with complex regulations, making compliance processes more adaptive and integrated with core business functions.