Regulatory AI company Norm AI has secured $48 million in funding, bringing its total raised over the last 18 months to $87 million. Investors in this round include Coatue, Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, TIAA Ventures, and Marc Benioff. Collectively, the investors represent over $15 trillion in assets.
AI-driven compliance automation
Norm AI’s platform aims to automate legal and compliance tasks for enterprises. It uses a “compliant by design” approach, integrating compliance checks directly into business workflows. The company states the intention is to transform how companies handle legal, regulatory, and industry requirements. This includes applications like reviewing AI-generated content, internal communications, agreements, and external corporate communications.
Norm’s solution is built on its proprietary Legal Engineering Automation Platform (Leap). Leap allows legal experts and former regulators at Norm AI to convert complex policies into operational AI systems powered by Large Language Models (LLMs). The company emphasizes this is a system for making AI agents.
In conjuction with the funding, former SEC Commissioner Troy Paredes has joined Norm AI as Senior Policy Advisor and Head of Capital Markets Strategy. Paredes, who served as SEC Commissioner from 2008-2013, brings experience in capital markets regulation and technology’s role in compliance.
The company claims that its goal is to convert regulations into AI.
Featured image credit: Norm AI
