Norm Ai raised a $120 million Series C at a $1.2 billion valuation, led by Khosla Ventures, the first institutional investor in OpenAI. Blackstone, Bain Capital Ventures (BCV), Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James (former President, Chief Operating Officer, and Executive Vice Chairman of Blackstone), Jeff Hammes (former Chairman of Kirkland & Ellis), and Fenwick LLP also participated, drawing a rare mix of financial, legal, and venture capital investors. The company has raised more than $260 million since its founding less than three years ago.