Norm Raises $120 Million in Series C, Reaching $1.2 Billion Valuation
Updated
Updated · TechCrunch · Jul 7
Norm Raises $120 Million in Series C, Reaching $1.2 Billion Valuation
2 articles · Updated · TechCrunch · Jul 7
Summary
$120 million in new funding gives nearly three-year-old legal AI startup Norm a $1.2 billion valuation in a Series C led by Khosla Ventures.
Norm said the cash will expand its product and hire more attorneys as it builds an AI-native law firm where human lawyers supervise the company's own AI agents.
The startup also develops AI agents that monitor other AI agents and sells legal services to enterprise clients on an outcome-based pricing model instead of hourly billing.
More than $260 million has now been raised by Norm, joining a wave of legal AI companies such as Harvey and Legora targeting automation of routine legal work.