The AlleyWatch Startup Daily Funding Report: 7/7/2026

Norm Ai – $120M

AIENTERPRISE

Norm Ai, a legal AI platform that automates legal and compliance work for regulated companies, has raised $120M in Series C funding led by Khosla Ventures with participation from Blackstone, Bain Capital Ventures, Craft Ventures, Coatue, Vanguard, New York Life, TIAA, Tony James, Jeff Hammes, and Fenwick & West. Founded by John Nay in 2023, Norm Ai has now raised a total of $260M in reported equity funding.

M1X Global – $5.5M

FINTECH

M1X Global, a fintech company that helps governments issue and manage sovereign debt on public blockchains, has raised $5.5M in Seed funding led by Paradigm with participation from Breed VC. Founded by Mark Lurie and Jordan Goldman in 2023, M1X Global has now raised a total of $8.5M in reported equity funding.

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Advance – $4.25M

FINTECHINSURTECH

Advance, a fintech platform that simplifies premium payment collection and management for insurance agencies and brokers, has raised $4.25M in Venture funding. The filing indicates that the total offering is for $5M and there were five investors in this close. Founded by Omer Rimoch and Gal Dreiman in 2024, Advance has now raised a total of $12.8M in reported equity funding.

Octozi – $3M

AIHEALTHTECH

Octozi, an AI platform that automates clinical trial data cleaning and review for pharmaceutical companies, has raised $3M in Seed funding led by Surface Ventures with participation from Remarkable Ventures. Octozi was founded by Amit Patel, Cedric Odje, and Matthew Purri in 2023.

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