SHORTList
AI/ML
Fintech/Payments
HealthTech

Norm Ai

AI-powered legal and compliance solutions

CORE INFO

$120M
Total Funding
Series C
Round
2023
Founded
51-200
Team Size
New York, NY, United States
Headquarters

Norm Ai is a legal technology company that leverages artificial intelligence to automate legal and compliance tasks for institutional clients in regulated industries like finance and healthcare.

  • Norm Ai raised $120 million in a Series C funding round led by Khosla Ventures, reaching a valuation of $1.2 billion.techcrunch.com
  • Organizations managing over $30 trillion in assets utilize Norm Ai's platform for their legal and compliance needs.fintech.global

WHY WE WOULD WORK AT NORM AI

Innovative Legal Tech

Join a pioneering team at the forefront of AI-powered legal solutions, developing Legal AI Agents that automate compliance tasks for major clients.

Outcome-Driven Pricing

Experience a unique compensation model where clients are charged based on results, ensuring your work directly contributes to client success.

Collaborative Culture

Work alongside a diverse team of legal experts and AI specialists, fostering a collaborative environment that values innovation and teamwork.

Cutting-Edge Technology

Engage with advanced AI technologies that embed legal reasoning into systems, pushing the boundaries of what's possible in legal automation.

Impactful Clientele

Contribute to solutions for clients managing over $30 trillion in assets, making a significant impact in regulated industries like finance and healthcare.

Recognized Achievements

Be part of a rapidly growing company that recently raised $120 million in Series C funding, achieving a $1.2 billion valuation and gaining industry recognition.

MARKET AND TRACTION

TOTAL ADDRESSABLE MARKET

  • Norm Ai primarily serves regulated industries such as finance and healthcare.

  • These sectors are characterized by stringent compliance requirements, creating a significant demand for AI-powered legal and compliance solutions.

    • NOTABLE CUSTOMERS

    ✦ KEY METRIC
  • Norm Ai's platform is utilized by organizations managing over $30 trillion in assets.

  • This extensive client base underscores the company's strong market presence and credibility in the legal technology sector.

    • KEY METRICS

    ✦ KEY METRIC
  • Norm Ai has raised a total of $120 million in its Series C funding round, achieving a post-money valuation of $1.2 billion.

  • The company was founded in 2023 and currently employs between 51 to 200 people, indicating rapid growth since its inception.

    • GROWTH TACTICS

  • Norm Ai operates on an outcome-driven pricing model, charging clients based on results rather than hourly rates.

  • This approach aligns the company's incentives with client success, fostering long-term relationships and repeat business.

    • COMPETITIVE ADVANTAGE

  • Norm Ai combines artificial intelligence with legal expertise, offering unique solutions like Legal AI Agents and Supervisory AI.

  • The integration of legal reasoning into AI systems positions Norm Ai as a leader in the emerging field of 'agentic law.'

    • PRODUCT AND TECH

    Legal AI Agents

    AI systems developed by attorneys to automate legal and compliance tasks, enhancing efficiency and accuracy in legal work for institutional clients.

    Norm Law

    An AI-native law firm that leverages Norm Ai's technology under the supervision of senior lawyers, providing innovative legal services while ensuring compliance and quality.

    Supervisory AI

    AI agents designed to oversee and verify the operations of other AI agents, ensuring adherence to legal standards and enhancing compliance across automated processes.

    Outcome-Driven Pricing Model

    A pricing strategy that charges clients based on results rather than hourly rates, aligning the company's incentives with client success and satisfaction.

    Agentic Law Development

    The integration of legal reasoning into AI systems, allowing for the performance of legal and compliance-related work under attorney supervision, which represents a significant advancement in legal technology.

    COMPANY CULTURE

    Values

  • Commitment to integrating legal expertise with AI

  • Focus on outcome-driven solutions for clients

  • Emphasis on ethical AI usage in legal practices

  • Innovation in legal technology through 'agentic law'

  • Collaboration between AI and human attorneys

    • Operating Principles

  • Deliver results-based pricing to clients

  • Maintain high standards of compliance and oversight

  • Foster a culture of continuous improvement and learning

  • Encourage teamwork between legal and tech professionals

  • Prioritize transparency in AI operations and client interactions

    • Benefits

  • Opportunity to work at the forefront of legal technology

  • Access to mentorship from experienced legal professionals

  • Dynamic work environment that values innovation

  • Competitive compensation aligned with performance outcomes

  • Support for professional development and growth

    • Team Cadence

  • Regular team meetings to discuss project progress

  • Collaborative brainstorming sessions for new ideas

  • Open feedback culture to enhance team performance

  • Flexibility in work hours to accommodate diverse needs

  • Monthly check-ins to align on company goals and values

    • Learning & Growth

  • Continuous training on AI and legal compliance

  • Opportunities for cross-functional learning between teams

  • Support for attending industry conferences and workshops

  • Encouragement of knowledge sharing among team members

  • Focus on personal development aligned with company objectives