Norm Ai Secures $48M to Transform Regulations into Compliance AI Agents

Norm Ai, a leading Regulatory AI agent company, is today announcing $48 million in funding from Coatue, Craft Ventures, Vanguard, Blackstone Innovations Investments, Bain Capital, New York Life Ventures, Citi Ventures, TIAA Ventures, and Marc Benioff, bringing the total funds raised to $87 million over the past 18 months.

Norm Ai is a legal & compliance automation platform that seeks to transform how enterprises handle legal, regulatory and industry requirements. The platform offers a “compliant by design” approach that integrates compliance checks into business activities, including AI-generated content, internal communications, agreements, and external corporate communications such as marketing content and sales materials. Rather than treating compliance separate from the business, Norm implements compliance checks proactively and delivers an end-to-end enterprise-wide solution.

The Legal Engineering Automation Platform

Norm’s solution is built with their Legal Engineering Automation Platform (Leap), a proprietary system for creating AI Agents with legal and regulatory domain expertise. Leap empowers lawyers and ex-regulators at Norm Ai to convert complex policies into operational AI systems powered by Large Language Models.

“We built Norm Ai to turn regulatory requirements, legal obligations, and corporate policies into intelligent systems that can be embedded into business workflows, reducing what used to take days into minutes,” said John Nay, Founder and CEO of Norm Ai. “This strategic investment accelerates our research and development across legal and regulatory frameworks to meet demand for AI compliance solutions.”

“We are thrilled to invest in Norm Ai and John,” said Philippe Laffont, Founder of Coatue. “Norm’s innovative approach to automating compliance reviews allows them to continue to define regulatory AI. This investment reinforces our conviction in their vision and technology.”

Former SEC Commissioner Joins as Senior Policy Advisor and Head of Capital Markets Strategy 

Troy Paredes has joined as Senior Policy Advisor and Head of Capital Markets Strategy at Norm Ai to accelerate the company in setting the norms for regulatory and compliance AI.  From 2008-2013, Mr. Paredes was a Commissioner of the U.S. Securities and Exchange Commission, having been appointed by President George W. Bush.  At the SEC, Mr. Paredes was actively involved across the SEC’s regulation and oversight of capital markets, and has been a strong proponent of leveraging technology in regulatory and compliance environments.  Earlier in his career, Mr. Paredes was a scholar and professor of corporate and securities law.  He holds a J.D. from Yale Law School.