We are thrilled to announce our $27 million Series A today with Coatue, Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital, the family office of Tony James, the former President and COO of Blackstone.
Over the past 11 months, we’ve raised more than $38 million. To continue to set the norms for AI-powered compliance, we raised this fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets.
Our team of AI engineers and legal engineers built the first AI platform for converting regulations into computer code. We developed a proprietary language to represent government regulations and corporate policies as decision trees that become executable computer programs by leveraging powerful large language models.
These programs, called Regulatory AI Agents, automate compliance analyses to make them more efficient, comprehensive, and accurate. The Norm approach also sets the foundation for integrating AI agents into the economy more broadly by ensuring that AI-driven actions and content from generative AI adhere to policies through a Regulatory AI agent overlay.
With this capital, we are hiring for roles across software engineering, AI engineering, legal engineering, sales, and more. See our Careers page link in the comments!
Quotes from some of our Series A investors on why they are so excited about Norm Ai:
Sri Viswanath, General Partner at Coatue and former CTO of Atlassian: “Coatue continues to be impressed by Norm’s vision to deliver a comprehensive regulatory AI platform and we are excited by the array of compliance workflows they are already able to support. We are thrilled to double down on Norm as they seek to grow into a transformational AI company, and I look forward to supporting John Nay and his team on their next steps.”
John Stecher, the CTO of Blackstone: “The Blackstone Innovations Investments team has been impressed by Norm’s speed of execution and their differentiated approach to building a scalable platform for systematic regulatory compliance. We are excited about the platform’s potential to drive significant efficiency for regulatory compliance operations.”
Matt Harris, partner at Bain Capital Ventures: “I have been investing and helping build companies in the banking, lending, payments, and fintech world for decades and the largest headwind for these companies now is the accretion of regulatory sludge – filling out forms, cross-checking information, ticking and tying, etc. – and how this increasingly slows down businesses and adds risk. This is the problem that Norm Ai tackles head-on and why we at Bain Capital Ventures are so excited about backing them.”
