Norm AI has raised $120 million in a funding round led by Khosla Ventures, valuing the legal AI startup at $1.2 billion. The capital will support automation of legal services and changes to industry billing practices after the company has now raised more than $260 million total.
Its technology aims to rethink how the legal industry bills for its work.
Reaching $1.2 billion post-money places Norm AI in unicorn territory after this single investment.
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