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COLD START / catalog / c/normretrieved 2026-07-28T01:25 UTC · 28 sources read

Norm Ai

Norm Ai builds AI agents that embed legal and regulatory rules into code for financial services institutions.

norm.ai · New York

CALL NO.CS·NORM·26
StageSeries CJuly 2026 · led by Khosla Ventures[1][2][3][4][5][6][9]
Raised$260Mdisclosed rounds[1][2][3][4][5][6][9]
Headcount200sources disagree, see below[2][3][11]
Valuationnot publicly disclosedno source in ledger
Founded2023[3][7][8]
Money

Raised $260M across disclosed rounds.[1][2][3][4][5][6][9]

Series C closed July 2026, led by Khosla Ventures.[1][2][3][4][5][6][9]

post-money valuation is not publicly disclosed.

Named investors include Khosla Ventures, Blackstone, Bain Capital Ventures, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Citi, Fenwick LLP, Tony James, Jeff Hammes, Henry R. Kravis, Marc Benioff.[1][2][3][4][5][6][7][9]

People

John Nay, Founder & CEO[3][7][11][28]

Scott Worland, CTO[3][6][12][28]

Mike Schmidtberger, Chairman of Norm Law[3][6][12][28]

Headcount: sources disagree
200as of Jul 2026

Norm Ai Announces $120M Series C Including Investment From Fenwick, Ex-Kirkland Chair. | Law.com · Jul 2026[2]

Norm Ai Hits Unicorn Status with $120M Series C at $1.2 Billion Valuation | LawSites · Jul 2026[3]

John Nay · Jul 2026[11]

Signals
Jul 14 2026newsDelaware and Norm Ai propose testing the AIC, a new legal entity for AI agents company claim, not independently confirmed[8]
Jul 14 2026hiringNorm Law adds John Budetti as Co-Head of Global Private Capital Funds[11]
Jul 7 2026fundingAI law startup Norm raises $120M, hits unicorn valuation[1][6][2][3][4]
May 12 2026launchNorm Ai Launches Compliance Agent for Microsoft 365 Copilot company claim, not independently confirmed[9]
Comps

Harvey · harvey.ai · Named together in market analysis as the other legal AI unicorn, but Harvey sells AI tools to lawyers while Norm Ai operates its own law firm and targets financial services compliance.[1][3]

Legora · legora.com · Named together in market analysis as a legal AI unicorn, but Legora focuses on legal research tools while Norm Ai embeds agents into regulated workflows and runs a law firm.[3]

Risk

The customer proof is company-sourced only. No independent source in this ledger confirms it.[8]

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Sourcestracings · 28

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Norm Ai

CALL NO.CS·NORM·26

Norm Ai builds AI agents that embed legal and regulatory rules into code for financial services institutions.

norm.ai · New York

StageSeries C
Raised$260M
Headcount200
Valuationnot publicly disclosed
Founded2023
CompsHarvey +1

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