US regtech start-up Norm Ai raises $27m Series A funding

Norm Ai, a New York-based regtech startup, has raised $27 million in a Series A funding round led by Coatue, with support from Citi Ventures, Bain Capital Ventures, and others, to enhance its AI-powered regulatory compliance platform. The company's innovative AI Agent technology aims to revolutionize how businesses handle compliance by automating processes and providing actionable feedback, with the newly acquired funds dedicated to further development and expanding their client base. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures