United States · 
Who invested in Norm AI?
Norm AI's investors include Coatue, Bain Capital Ventures, Craft Ventures, Khosla Ventures and Blackstone Group, and 8 more on record. Khosla Ventures led its latest round.
2026
$48MRound$50MGrowth$120MSeries C
United States · Series C startup
Who invested in Norm AI
3 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Raised 4 months ago
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Funding summaryUpdated 5 Nov 2026
$218Mraised across 3 rounds since 2025, from 5 sources
$48MRound$50MGrowth$120MSeries C
- Latest round
- Series C, $120MJul 2026
- Led by
- Khosla Ventures
- Step-upi
- 2.4×
- Investors
- 13 (2 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $48M Mar 2025
- Biggest round
- $120M Series C · Jul 2026
- Usual gap between rounds
- 8 months the median of 2
The rounds
- Jul 2026Series C$120M9 new3 returning
Khosla VenturesLead
Bain Capital Ventures
Coatue
Craft Ventures
Blackstone GroupFenwick & West
- New York Life
TIAA
Vanguard- Fenwick LLP
- Jeff Hammes
- Tony James
Reported by TechCrunch and 2 others
- Nov 2025Growth$50M3 new1 returning
Source recorded
- Mar 2025
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Round2025Growth2025Series C2026CoatueLBain Capital VenturesCraft VenturesKhosla VenturesLBlackstone Group
Basis Set VenturesFenwick & WestNew York LifeTIAAVanguard
CoatueLBain Capital VenturesCraft VenturesKhosla VenturesLBlackstone GroupBasis Set VenturesTIAAVanguardEveryone who backed them
New York LifeGrowth equity1round
Fenwick LLPGrowth equity1round
Jeff HammesGrowth equity1round
Tony JamesGrowth equity1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 4 firms list Norm AI as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Norm AI
How much has Norm AI raised?
Norm AI has raised $218M across 3 rounds since 2025.
When did Norm AI last raise?
Norm AI's most recent round was a Series C of $120M in Jul 2026, led by Khosla Ventures.
What was Norm AI's biggest round?
Its most recent round, $120M in Jul 2026, is also its largest on record.
Who backed Norm AI first?
Norm AI's first round on record, in Mar 2025, was backed by Coatue.
What stage is Norm AI at?
Norm AI's latest named round is a Series C, in Jul 2026.
Where is Norm AI based?
Norm AI is based in the United States.
Who led Norm AI's rounds?
Coatue led the Undisclosed round in 2025; Khosla Ventures led the Series C in 2026.
Companies like Norm AI
In the same sector, and raised in the last eighteen months.
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