An SEC filing shows the New York-based company added 19 investors in its Series C as it expands AI-driven compliance and legal services for heavily regulated industries.
AI legal startup Norm has raised $120 million in a Series C round disclosed in an SEC filing around June 24-25, 2026, extending a financing that earlier reports said valued the company at about $1.2 billion. The New York-based company, founded in 2022, now appears to have raised roughly $250 million to $262 million in total, depending on how prior financings are counted. Norm builds AI agents that convert regulatory rules into automated compliance and legal workflows for regulated industries, with a particular focus on financial services. The filing lists 19 investors. Previously identified backers include Blackstone, Vanguard, Bain Capital Ventures and Citi Ventures. The company emerged from stealth in early 2024 after about two years of development, raised $11.1 million in seed funding in January 2024 and $27 million in a Series A in June 2024, reached $87 million in cumulative funding by March 2025, and received a $50 million investment from Blackstone in November 2025. Around that Blackstone investment, Norm launched Norm Law LLP, a licensed AI-native law firm aimed particularly at financial-services clients, marking a push beyond software tools into the provision of legal services.