Norm Ai nabs $120M at $1.2B valuation to bring AI agents to the law

Norm Ai, a platform embedding legal operations into artificial intelligence agents, raised $120 million in Series C funding at a $1.2 billion valuation, led by Khosla Ventures. The company, which has raised over $260 million since its founding three years ago, deploys autonomous AI agents to serve as outside legal counsel for clients representing more than $30 trillion in assets under management. Norm Ai prices services based on outcomes rather than billable hours, positioning itself to disrupt traditional law firm economics as AI capabilities advance.