Norm Ai Raises $27 Million Series A to Expand AI-Driven Regulatory Compliance Platform

Norm Ai, a pioneering AI-powered regulatory compliance firm, has successfully closed a $27 million Series A funding round, led by Coatue, to advance its mission of setting new standards in regulatory compliance.
This funding round was notably oversubscribed by 25%, demonstrating robust investor confidence and bringing the total capital raised to over $38 million in just 11 months. Investors in this round include esteemed financial institutions such as Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital, the family office of Tony James, former President and COO of Blackstone, collectively managing over $5.75 trillion in assets.
Norm Ai has developed the first AI platform that translates regulations into computer code. This innovative approach employs a team of AI and legal engineers who have crafted a proprietary language to convert government regulations and corporate policies into decision trees. These trees are then transformed into executable computer programs known as Regulatory AI Agents. These agents automate compliance analysis, enhancing efficiency, comprehensiveness, and accuracy while also facilitating deeper integration of AI into business processes.
The company’s platform is increasingly being adopted by Fortune 100 companies for critical regulatory assessments. For instance, insurance companies and asset managers are using Norm Ai to expedite the publication of regulated content, thereby freeing up significant operational bandwidth. Norm Ai’s platform delivers clear, actionable explanations for compliance findings, enabling business users to conduct preliminary regulatory reviews independently and allowing compliance professionals to finalize assessments quickly.
John Nay, Founder and CEO of Norm Ai, stated, “After over a decade of research at the intersection of AI and law, we are harnessing a pivotal moment in AI capabilities to significantly enhance regulatory compliance workflows economy-wide. The backing of such distinguished institutions affirms our leadership in Regulatory AI.”
Sri Viswanath, General Partner at Coatue and former CTO of Atlassian, will join Norm’s board. He expressed enthusiasm about Norm’s vision, noting, “We are excited to support Norm as they grow into a transformative AI company.”
John Stecher, CTO of Blackstone, highlighted Norm’s rapid execution and innovative platform as key to enhancing regulatory compliance efficiencies.
Matt Harris of Bain Capital Ventures commented on the significant industry challenge of regulatory overhead that Norm Ai addresses, which is why Bain Capital Ventures is excited about their investment.
Joel Albarella, head of New York Life Ventures, emphasized the transformative potential of Norm’s Regulatory AI Agents in enhancing client, agent, and employee experiences within regulated frameworks.
Wayne Baker, Chief Investment Officer of TIAA Ventures, also praised the potential efficiencies brought by Norm’s technology to asset managers and insurance providers.
With new funding, Norm Ai plans to expand its platform, grow its client base, and is actively recruiting across multiple roles including software engineering, AI engineering, legal engineering, and sales.
Source: prnewswire.com
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