Business
AI legal startup Norm hits unicorn status with $120M Series C
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AI legal startup Norm hits unicorn status with $120M Series C
Norm has raised $120 million in a Series C funding round led by Khosla Ventures, reaching a $1.2 billion valuation.
- The round values the almost three-year-old startup at $1.2 billion.
- Norm operates an AI-native law firm that uses its own AI agents supervised by human attorneys and charges clients based on outcomes rather than hourly billing.
- Additional investors in the round include Bain, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James, Jeff Hammes, and Fenwick LLP.
- The company plans to use the capital to build out its product and hire more attorneys.
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