Norm Ai COO Patrick Vergara presented Norm Ai to RIA CCOs and leaders at the Focus Financial Partners Operations and Compliance Summit last week. Thank you to Focus Financial for inviting us to this incredible event!
About us
Regulation-aware AI agents purpose-built for compliance teams. Norm Ai has built the first Regulatory AI Agent platform. We serve Chief Compliance Officers at companies spanning from the Fortune 100 to small businesses. Norm Ai is automating compliance processes, making them more efficient, cost-effective, and accurate than ever, while also ensuring democratic guardrails for AI in autonomous roles. By converting complex regulations into intelligent AI programs, we enable compliance teams to operate with unprecedented speed and precision. Our vision extends beyond just assisting compliance teams; we aim to enable the integration of AI agents into daily life, ensuring that AI-driven business processes adhere to legal and societal norms through adoption of our Regulatory AI agents as oversight. At Norm Ai, we're committed to aligning AI with public policy, reflecting our society's collective will, and ushering in a new era of regulatory intelligence and societal-AI alignment.
- Website
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https://norm.ai/
External link for Norm Ai
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
Locations
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Primary
Get directions
New York, NY 11201, US
Employees at Norm Ai
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David Thelander
Chief Executive Officer, Panelope Ltd/Senior Advisor, NormAi
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Daniel Argyle
Member of Technical Staff at Norm AI
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Susan Dudley
Director, GW Regulatory Studies Center | Proven leader with experience in government, the private sector & the academy
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Robert Grajewski
Chief Strategy Officer
Updates
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Norm Ai is delighted to welcome Victoria Patton, Alex Preefer, and Meg L. to the team this month. We are very excited to have them joining us at our New York headquarters! Norm continues to hire across a wide range of functions including engineering, product, and go-to-market: https://lnkd.in/ghxpBNYH
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Norm Ai reposted this
After an incredible 3+ year journey at Frame, I'm excited to announce that I have started a new adventure this week. These last couple years have been full of exponential growth, exciting challenges, and a wildly successful acquisition. I am grateful for for this experience as well as the incredible leaders and colleagues I met along the way. Looking forward, I am extremely excited to share that I have joined Norm.ai, as a founding Account Director here in New York City. I could not be more honored to be joining this incredibly talented team. Norm.ai is focused on revolutionizing regulatory compliance using artificial intelligence and aims to make compliance more efficient and accurate, allowing companies to focus on their core operations while maintaining adherence to regulations. Thank you to Ian Feeney from introducing me to this amazing team and to Patrick Vergara, John Nay, and Bryn Spurrier Edwards for all of your help along the way.
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Norm Ai reposted this
We are hiring more Product Engineers at Norm Ai! We automate compliance processes to make them more efficient, cost-effective, and accurate while ensuring democratic guardrails for AI in autonomous roles. Recently, we raised more than $38 million from Bain Capital Ventures, Coatue Ventures, Blackstone Innovation Investments, Citi Ventures, New York Life Ventures, TIAA Ventures, and others. This role is ideal for high-autonomy engineers who are interested in the “who,” “what” and “why” of what they’re building just as much as the “how.” You will be in charge of the end-to-end product development process for the features that you build, starting from ideation all the way through to building and shipping code. You will work closely with customers to understand their needs, gather feedback and ultimately build solutions that work for them and push the product forward as a whole. Link to apply is in the comments!
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We fully agree on the size of the Vertical AI opportunity. High-cost, repetitive, language-based tasks underpin much of the economy. Thank you Bessemer Venture Partners for featuring Norm Ai as part of this unprecedented shift in the economy and in AI agent related business models.
𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐨𝐧: Vertical AI’s market capitalization will be at least 10x the size of legacy Vertical SaaS. Vertical SaaS proved to be a sleeping giant that transformed industries during the first cloud revolution. Today, the top 20 US publicly traded vertical SaaS companies represent a combined market capitalization of ~$300B. Now, Vertical AI applications are targeting the high-cost, repetitive, language-based tasks that dominate large sectors of the economy. Here are the three new Vertical AI business models to know: ⚙️ 𝐂𝐨𝐩𝐢𝐥𝐨𝐭𝐬 use large language models (LLMs) to automate tasks. ⚙️ 𝐀𝐠𝐞𝐧𝐭𝐬 fully automate workflows on behalf of humans. ⚙️ 𝐀𝐈-𝐞𝐧𝐚𝐛𝐥𝐞𝐝 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 automate traditionally outsourced services, like accounting, billing, and legal writing. Dive into State of the Cloud 2024 to read more about this trend ⤵️ https://lnkd.in/grhwg8C3
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Our CEO John Nay will be speaking at Citi’s Generative AI summit tomorrow in NYC. John will be discussing generative AI policy, LLM regulation, and governance on a panel with Vibhor Rastogi from Citi Ventures, Ari Tuchman from Quantified.ai, Jack Berkowitz from Securiti, and Krishna Gate from Fiddler. Stay tuned for insights from the panel!
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Susan Dudley (a Norm Ai Regulatory Advisory Board Member) provides her take on the recent Chevron deference related Supreme Court decision. Susan, the Former Head of the White House Office of Information & Regulatory Affairs, argues that "Originally intended to keep judges in their swim lane, Chevron deference has come full circle." https://lnkd.in/edXqxCnK
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Luis Valdich, Jelena Zec, Cagla Kaymaz, and Jack Benedict from Citi Ventures published their Norm Ai investment thesis: “Investing in Norm Ai to Transform Regulatory Compliance With Generative AI” here: https://lnkd.in/gvkWAG_c In it, they discuss the Norm Ai composable and scalable architecture and how Norm takes a unique approach to orchestrating AI Agents, allowing us to apply our proprietary tech to an array of regulations. Citi Ventures invested in the $27 Million Norm Ai Series A alongside Coatue, Blackstone Innovation Investments, Bain Capital Ventures, New York Life Ventures, TIAA Ventures and Jefferson River Capital, , the family office of Tony James, the former President and COO of Blackstone. Over the past 11 months, Norm has raised more than $38 million from leading firms.
Citi Ventures - Innovation in Financial Services
citi.com
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Norm Ai reposted this
Excited to announce that Citi Ventures is backing Norm Ai 🚀Their recent $27 million Series A round is a testament to the incredible potential of their AI-driven regulatory compliance platform. Norm is poised to revolutionize the industry, and I couldn’t be more excited to support their journey. #AI #RegTech #Innovation #Compliance Luis Valdich Cagla Kaymaz Jack Benedict
We are thrilled to announce our $27 million Series A today with Coatue, Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital, the family office of Tony James, the former President and COO of Blackstone. Over the past 11 months, we’ve raised more than $38 million. To continue to set the norms for AI-powered compliance, we raised this fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. Our team of AI engineers and legal engineers built the first AI platform for converting regulations into computer code. We developed a proprietary language to represent government regulations and corporate policies as decision trees that become executable computer programs by leveraging powerful large language models. These programs, called Regulatory AI Agents, automate compliance analyses to make them more efficient, comprehensive, and accurate. The Norm approach also sets the foundation for integrating AI agents into the economy more broadly by ensuring that AI-driven actions and content from generative AI adhere to policies through a Regulatory AI agent overlay. With this capital, we are hiring for roles across software engineering, AI engineering, legal engineering, sales, and more. See our Careers page link in the comments! Quotes from some of our Series A investors on why they are so excited about Norm Ai: Sri Viswanath, General Partner at Coatue and former CTO of Atlassian: “Coatue continues to be impressed by Norm’s vision to deliver a comprehensive regulatory AI platform and we are excited by the array of compliance workflows they are already able to support. We are thrilled to double down on Norm as they seek to grow into a transformational AI company, and I look forward to supporting John Nay and his team on their next steps.” John Stecher, the CTO of Blackstone: “The Blackstone Innovations Investments team has been impressed by Norm’s speed of execution and their differentiated approach to building a scalable platform for systematic regulatory compliance. We are excited about the platform’s potential to drive significant efficiency for regulatory compliance operations.” Matt Harris, partner at Bain Capital Ventures: “I have been investing and helping build companies in the banking, lending, payments, and fintech world for decades and the largest headwind for these companies now is the accretion of regulatory sludge – filling out forms, cross-checking information, ticking and tying, etc. – and how this increasingly slows down businesses and adds risk. This is the problem that Norm Ai tackles head-on and why we at Bain Capital Ventures are so excited about backing them.”
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