Norm, an AI startup focused on the legal industry, raises $120 million in a Series C funding round. Multiple outlets report the round is led by Khosla Ventures and values the company at $1.2 billion, making it a “unicorn” according to the coverage.
The company says the new funding supports business expansion, including hiring and efforts to broaden its practice area coverage for legal customers. Sources also describe Norm’s work on “supervisory agents,” which the company frames as intended to support supervised or regulated enterprise AI deployments.
In addition, reporting emphasizes the company’s approach to the market: rather than selling only software to existing law firms, Norm positions itself as building an AI-native model for legal services. The reports cite an earlier account from Bloomberg for the valuation and round details, while all outlets agree on the headline figures—$120 million raised, Series C status, and $1.2 billion valuation—and on the stated goals around expansion and supervisory agent development.
