Luis Valdich, Jelena Zec, Cagla Kaymaz, and Jack Benedict from Citi Ventures published their Norm Ai investment thesis: “Investing in Norm Ai to Transform Regulatory Compliance With Generative AI” here: https://lnkd.in/gvkWAG_c In it, they discuss the Norm Ai composable and scalable architecture and how Norm takes a unique approach to orchestrating AI Agents, allowing us to apply our proprietary tech to an array of regulations. Citi Ventures invested in the $27 Million Norm Ai Series A alongside Coatue, Blackstone Innovation Investments, Bain Capital Ventures, New York Life Ventures, TIAA Ventures and Jefferson River Capital, , the family office of Tony James, the former President and COO of Blackstone. Over the past 11 months, Norm has raised more than $38 million from leading firms.
About us
Regulation-aware AI agents purpose-built for compliance teams. Norm Ai has built the first Regulatory AI Agent platform. We serve Chief Compliance Officers at companies spanning from the Fortune 100 to small businesses. Norm Ai is automating compliance processes, making them more efficient, cost-effective, and accurate than ever, while also ensuring democratic guardrails for AI in autonomous roles. By converting complex regulations into intelligent AI programs, we enable compliance teams to operate with unprecedented speed and precision. Our vision extends beyond just assisting compliance teams; we aim to enable the integration of AI agents into daily life, ensuring that AI-driven business processes adhere to legal and societal norms through adoption of our Regulatory AI agents as oversight. At Norm Ai, we're committed to aligning AI with public policy, reflecting our society's collective will, and ushering in a new era of regulatory intelligence and societal-AI alignment.
- Website
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https://norm.ai/
External link for Norm Ai
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
Locations
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Primary
New York, NY 11201, US
Employees at Norm Ai
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David Thelander
Chief Executive Officer, Panelope Ltd/Senior Advisor, NormAi
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Daniel Argyle
Member of Technical Staff at Norm AI
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Susan Dudley
Director, GW Regulatory Studies Center | Proven leader with experience in government, the private sector & the academy
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Robert Grajewski
Chief Strategy Officer
Updates
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Norm Ai reposted this
Excited to announce that Citi Ventures is backing Norm Ai 🚀Their recent $27 million Series A round is a testament to the incredible potential of their AI-driven regulatory compliance platform. Norm is poised to revolutionize the industry, and I couldn’t be more excited to support their journey. #AI #RegTech #Innovation #Compliance Luis Valdich Cagla Kaymaz Jack Benedict
We are thrilled to announce our $27 million Series A today with Coatue, Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital, the family office of Tony James, the former President and COO of Blackstone. Over the past 11 months, we’ve raised more than $38 million. To continue to set the norms for AI-powered compliance, we raised this fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. Our team of AI engineers and legal engineers built the first AI platform for converting regulations into computer code. We developed a proprietary language to represent government regulations and corporate policies as decision trees that become executable computer programs by leveraging powerful large language models. These programs, called Regulatory AI Agents, automate compliance analyses to make them more efficient, comprehensive, and accurate. The Norm approach also sets the foundation for integrating AI agents into the economy more broadly by ensuring that AI-driven actions and content from generative AI adhere to policies through a Regulatory AI agent overlay. With this capital, we are hiring for roles across software engineering, AI engineering, legal engineering, sales, and more. See our Careers page link in the comments! Quotes from some of our Series A investors on why they are so excited about Norm Ai: Sri Viswanath, General Partner at Coatue and former CTO of Atlassian: “Coatue continues to be impressed by Norm’s vision to deliver a comprehensive regulatory AI platform and we are excited by the array of compliance workflows they are already able to support. We are thrilled to double down on Norm as they seek to grow into a transformational AI company, and I look forward to supporting John Nay and his team on their next steps.” John Stecher, the CTO of Blackstone: “The Blackstone Innovations Investments team has been impressed by Norm’s speed of execution and their differentiated approach to building a scalable platform for systematic regulatory compliance. We are excited about the platform’s potential to drive significant efficiency for regulatory compliance operations.” Matt Harris, partner at Bain Capital Ventures: “I have been investing and helping build companies in the banking, lending, payments, and fintech world for decades and the largest headwind for these companies now is the accretion of regulatory sludge – filling out forms, cross-checking information, ticking and tying, etc. – and how this increasingly slows down businesses and adds risk. This is the problem that Norm Ai tackles head-on and why we at Bain Capital Ventures are so excited about backing them.”
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Norm Ai reposted this
Excited to be a part of the Norm Ai story with our recent investment in their Series A. Congrats to the entire Norm team.
We are thrilled to announce our $27 million Series A today with Coatue, Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital, the family office of Tony James, the former President and COO of Blackstone. Over the past 11 months, we’ve raised more than $38 million. To continue to set the norms for AI-powered compliance, we raised this fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. Our team of AI engineers and legal engineers built the first AI platform for converting regulations into computer code. We developed a proprietary language to represent government regulations and corporate policies as decision trees that become executable computer programs by leveraging powerful large language models. These programs, called Regulatory AI Agents, automate compliance analyses to make them more efficient, comprehensive, and accurate. The Norm approach also sets the foundation for integrating AI agents into the economy more broadly by ensuring that AI-driven actions and content from generative AI adhere to policies through a Regulatory AI agent overlay. With this capital, we are hiring for roles across software engineering, AI engineering, legal engineering, sales, and more. See our Careers page link in the comments! Quotes from some of our Series A investors on why they are so excited about Norm Ai: Sri Viswanath, General Partner at Coatue and former CTO of Atlassian: “Coatue continues to be impressed by Norm’s vision to deliver a comprehensive regulatory AI platform and we are excited by the array of compliance workflows they are already able to support. We are thrilled to double down on Norm as they seek to grow into a transformational AI company, and I look forward to supporting John Nay and his team on their next steps.” John Stecher, the CTO of Blackstone: “The Blackstone Innovations Investments team has been impressed by Norm’s speed of execution and their differentiated approach to building a scalable platform for systematic regulatory compliance. We are excited about the platform’s potential to drive significant efficiency for regulatory compliance operations.” Matt Harris, partner at Bain Capital Ventures: “I have been investing and helping build companies in the banking, lending, payments, and fintech world for decades and the largest headwind for these companies now is the accretion of regulatory sludge – filling out forms, cross-checking information, ticking and tying, etc. – and how this increasingly slows down businesses and adds risk. This is the problem that Norm Ai tackles head-on and why we at Bain Capital Ventures are so excited about backing them.”
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Norm Ai reposted this
Excited to partner with John Nay, Patrick Vergara and the excellent team at Norm Ai as they continue to scale their regulatory AI agent platform to help drive significant efficiency for regulatory compliance operations for the financial services industry and beyond.
We are thrilled to announce our $27 million Series A today with Coatue, Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital, the family office of Tony James, the former President and COO of Blackstone. Over the past 11 months, we’ve raised more than $38 million. To continue to set the norms for AI-powered compliance, we raised this fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. Our team of AI engineers and legal engineers built the first AI platform for converting regulations into computer code. We developed a proprietary language to represent government regulations and corporate policies as decision trees that become executable computer programs by leveraging powerful large language models. These programs, called Regulatory AI Agents, automate compliance analyses to make them more efficient, comprehensive, and accurate. The Norm approach also sets the foundation for integrating AI agents into the economy more broadly by ensuring that AI-driven actions and content from generative AI adhere to policies through a Regulatory AI agent overlay. With this capital, we are hiring for roles across software engineering, AI engineering, legal engineering, sales, and more. See our Careers page link in the comments! Quotes from some of our Series A investors on why they are so excited about Norm Ai: Sri Viswanath, General Partner at Coatue and former CTO of Atlassian: “Coatue continues to be impressed by Norm’s vision to deliver a comprehensive regulatory AI platform and we are excited by the array of compliance workflows they are already able to support. We are thrilled to double down on Norm as they seek to grow into a transformational AI company, and I look forward to supporting John Nay and his team on their next steps.” John Stecher, the CTO of Blackstone: “The Blackstone Innovations Investments team has been impressed by Norm’s speed of execution and their differentiated approach to building a scalable platform for systematic regulatory compliance. We are excited about the platform’s potential to drive significant efficiency for regulatory compliance operations.” Matt Harris, partner at Bain Capital Ventures: “I have been investing and helping build companies in the banking, lending, payments, and fintech world for decades and the largest headwind for these companies now is the accretion of regulatory sludge – filling out forms, cross-checking information, ticking and tying, etc. – and how this increasingly slows down businesses and adds risk. This is the problem that Norm Ai tackles head-on and why we at Bain Capital Ventures are so excited about backing them.”
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Norm Ai reposted this
I'm excited to announce New York Life Ventures latest investment in Norm Ai! Founded in 2023, Norm is tackling an important set of challenges faced by all regulated companies -- regulations have become increasingly complex and noncompliance is simply not an option. Norm's solution of regulatory AI agents helps to streamline compliance processes, making them more efficient and accurate, while also establishing essential guardrails for AI's growing role in regulated industries. It has been a pleasure getting to know John Nay, Patrick Vergara, and the entire Norm team over the past year. Their vision and focus is inspiring, and we see a tremendous opportunity to create a rising tide effect in this space. We're excited to partner with Norm as investors on this journey ahead! For those curious to learn more about Norm and their fundraise: https://lnkd.in/efdDjiR8
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Norm Ai reposted this
I'm thrilled to share New York Life Ventures' investment in Norm Ai! It's been incredible to see John Nay and his team transform Norm from idea to a leading regulatory AI company with the support of some of the largest financial institutions. Congratulations to everyone involved - we're excited be part of this journey!
We are thrilled to announce our $27 million Series A today with Coatue, Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital, the family office of Tony James, the former President and COO of Blackstone. Over the past 11 months, we’ve raised more than $38 million. To continue to set the norms for AI-powered compliance, we raised this fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. Our team of AI engineers and legal engineers built the first AI platform for converting regulations into computer code. We developed a proprietary language to represent government regulations and corporate policies as decision trees that become executable computer programs by leveraging powerful large language models. These programs, called Regulatory AI Agents, automate compliance analyses to make them more efficient, comprehensive, and accurate. The Norm approach also sets the foundation for integrating AI agents into the economy more broadly by ensuring that AI-driven actions and content from generative AI adhere to policies through a Regulatory AI agent overlay. With this capital, we are hiring for roles across software engineering, AI engineering, legal engineering, sales, and more. See our Careers page link in the comments! Quotes from some of our Series A investors on why they are so excited about Norm Ai: Sri Viswanath, General Partner at Coatue and former CTO of Atlassian: “Coatue continues to be impressed by Norm’s vision to deliver a comprehensive regulatory AI platform and we are excited by the array of compliance workflows they are already able to support. We are thrilled to double down on Norm as they seek to grow into a transformational AI company, and I look forward to supporting John Nay and his team on their next steps.” John Stecher, the CTO of Blackstone: “The Blackstone Innovations Investments team has been impressed by Norm’s speed of execution and their differentiated approach to building a scalable platform for systematic regulatory compliance. We are excited about the platform’s potential to drive significant efficiency for regulatory compliance operations.” Matt Harris, partner at Bain Capital Ventures: “I have been investing and helping build companies in the banking, lending, payments, and fintech world for decades and the largest headwind for these companies now is the accretion of regulatory sludge – filling out forms, cross-checking information, ticking and tying, etc. – and how this increasingly slows down businesses and adds risk. This is the problem that Norm Ai tackles head-on and why we at Bain Capital Ventures are so excited about backing them.”
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Norm Ai reposted this
We are excited to announce that New York Life Ventures participated in Norm Ai’s $27M Series A funding round alongside Coatue, Blackstone, Bain Capital Ventures, Citi Ventures, and TIAA Ventures! Founded in 2023, Norm Ai helps integrate AI into all aspects of business, ensuring adherence to legal and societal norms through the adoption of regulatory AI agents. Norm’s solution makes compliance processes more efficient and accurate while starting to establish guardrails for AI’s increasing role in regulated industries. We are excited to be on this journey with Norm Ai and investing at the intersection of compliance and AI! Check out the link to the press release. https://prn.to/45HkML9 #VentureCapital #FundingAnnouncement #ArtificialIntelligence #Insurtech #CVC
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Norm Ai reposted this
We’re excited to welcome Norm Ai to the Blackstone Innovations Investments portfolio. Norm Ai is a regulatory AI agent platform that helps enterprises automate regulatory compliance processes. We look forward to partnering with John Nay, Patrick Vergara and the whole Norm team as they continue to scale their platform to drive significant efficiency for regulatory compliance operations for the financial services industry and beyond.
Norm Ai Raises $27 Million Series A to Expand AI-Driven Regulatory Compliance Platform
prnewswire.com
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Norm Ai reposted this
Coatue is excited to lead Norm Ai’s Series A and add Sri Viswanath to Norm’s Board. Sri said, “We continue to be impressed by Norm’s vision to deliver a comprehensive, regulatory AI platform and we are excited by the array of compliance workflows the team is already able to support. We are thrilled to double down on Norm as they seek to grow into a transformational AI company, and I look forward to supporting John Nay and his team on their next steps.”
Norm Ai Raises $27 Million Series A to Expand AI-Driven Regulatory Compliance Platform
prnewswire.com