On June 25, Norm Ai, a New York City-based company that uses AI to help organizations automate compliance tasks, raised $27 million in a Series A funding round led by Coatue, bringing its total funding to over $38 million. Citi Ventures also participated in the Series A funding round. The company aims to enhance AI governance and compliance through its regulatory AI agents, addressing the critical need for transparency and proactive engagement in AI ethics and regulation. This comes at a time when balancing full AI integration with compliance is crucial to avoid risks and hefty fines associated with poor AI governance.