Norm Ai, an AI legal technology company, has raised $120m in Series C funding at a $1.2bn valuation to expand its AI-native legal platform and accelerate the deployment of AI agents across regulated industries.
The funding round was led by Khosla Ventures and included participation from Blackstone, Bain Capital Ventures (BCV), Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James, Jeff Hammes and Fenwick LLP, bringing the company’s total funding to more than $260m since it was founded less than three years ago.
Norm Ai was designed to embed legal and regulatory requirements into AI agents by combing AI engineering with legal expertise. Its affiliated AI-native law firm, Norm Law, LLP, leverages these AI agents to provide legal services, with senior lawyers supervising and refining AI-generated work.
The company said organisations representing more than $30trn in assets under management now use its platform. Alongside supporting legal teams, Norm Ai’s technology is increasingly being deployed to oversee AI systems operating in regulated environments, providing governance and compliance oversight as businesses expand their use of AI.
The funding will be used to increase hiring, broaden legal practice coverage and further develop supervisory AI agents designed to monitor enterprise AI deployments.
Norm Ai said its approach differs from traditional legal service models by combining AI with legal expertise and pricing services based on outcomes rather than billable hours.
Norm Ai founder and CEO John Nay said, “As AI capabilities race forward, one of the greatest opportunities is to build the interface between AI and the most legitimate encapsulation of human values: law. We are building that interface in an increasingly agentic society to (1) align legal services with the client, and (2) align AI with human values.”
Khosla Ventures managing director Samir Kaul added, “AI will not transform regulated work until institutions trust it, and that trust is the hardest thing to earn in this market. The most demanding buyers of legal services in the world already rely on Norm Ai. We led this round because John has built the only credible path to AI-native legal work at institutional scale.”
Blackstone legal AI lead Kurt Chauviere also commented, “Norm offers premium legal services using a fundamentally different operating model and price structure. Norm was built to drive speed, quality and efficiency gains from AI, and share those gains with its clients. They continue to add practice areas and senior attorneys relevant to us. As Blackstone becomes more AI-forward, it’s fitting that we are ramping up with an AI-native law firm.”
Copyright © 2026 FinTech Global
