Norm Ai raises $27M to help businesses handle regulatory compliance with AI agents

June 26, 2024: Norm Ai Secures $27M for AI Compliance Aid - Norm Ai Inc., an AI-driven regulatory compliance platform developer, has raised $27 million in a Series A funding led by Coatue. Accumulating over $38 million in 11 months, the company aims to simplify compliance through AI agents that interpret regulations as decision trees, aiding enterprises in efficient, accurate compliance analysis. Founder John Nay highlights an inflection point in AI for enhancing compliance workflows, with the platform handling complex regulatory documents swiftly, providing an advanced solution in the burgeoning legal, risk, and compliance solution market, projected to grow to $21.9 billion by 2034.