Norm Ai, a NYC-based regulatory AI agent company, raised $48M in funding.
Backers included 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 $87M.
The company intends to use the funds to expand operations and its development efforts
Led by CEO and Founder John Nay, Norm Ai is a Regulatory AI agent company that converts regulations, laws, corporate policies, and legal obligations into compliance AI systems. This enables large enterprises to improve the efficiency and effectiveness of their legal and compliance programs. The platform integrates compliance checks into business activities, including AI-generated content, internal communications, agreements, and external corporate communications such as marketing content and sales materials.
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.Â
Troy Paredes has joined as Senior Policy Advisor and Head of Capital Markets Strategy at Norm 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.     Â
FinSMEs
11/03/2025