Norm Ai, a New York-based legal AI startup, has raised $120 million in a Series C funding round led by Khosla Ventures, valuing the company at $1.2 billion.
Investor Interest in Legal AI
Investor interest in legal AI startups such as Norm Ai has grown as businesses seek to automate legal and compliance work using generative AI. The company has raised more than $260 million since it was founded in 2023.
Norm Ai said clients representing more than $30 trillion in assets under management use its legal AI platform. The startup said it would use the proceeds to accelerate hiring, expand practice area coverage, and advance supervisory AI agents for regulated enterprise deployments.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.