Established in 2023, Norm Ai has pioneered an AI-driven platform that translates regulations into computer code. These Regulatory AI Agents automate compliance analyses, allowing insurance companies and asset managers to expedite the publication of regulated content. This innovative approach aims to streamline regulatory compliance processes, providing significant efficiency gains for financial institutions.
Norm Ai founder and CEO John Nay said: “I’ve been conducting research at the intersection of AI and law for more than a decade. We are now at an inflection point in AI capabilities that, when properly harnessed, unlock massive improvements in regulatory compliance workflows across the economy. To have the Series A backing of such notable institutions is a testament to Norm Ai’s leadership in Regulatory AI.”
Joel Albarella, head of New York Life Ventures also commented, saying: “New York Life is committed to leaning into AI solutions to enhance experiences for our clients, agents, and employees. Deploying AI within regulatory frameworks presents a unique set of challenges. Norm’s platform comprised of Regulatory AI Agents represents a game-changing opportunity for our industry.”
He added: “We’ve had the privilege of seeing Norm execute rapidly since their inception and are excited to back the company as investors.”
