SpotDraft has raised $8 million from Qualcomm Ventures in a strategic Series B extension, following its $56 million Series B round announced in February 2025. The investment points to growing enterprise appetite for privacy-first legal AI that can run directly on a user’s device.
SpotDraft said the funding will support further development of its product and AI capabilities, alongside expansion across the Americas, EMEA and India. The company highlighted VerifAI, its contract review capability, which it says runs contract analysis locally on Snapdragon processors. Internet access is required for login, sharing and licence checks, but SpotDraft says review, risk scoring and editing can run offline on the local machine.
“This investment validates the architectural direction we’ve taken with SpotDraft,” said Shashank Bijapur, Co-Founder and CEO, SpotDraft. “Legal teams handle some of the most sensitive business information, yet most AI tools still require sending that data to external cloud models. We’ve developed the SpotDraft platform to run core contract intelligence workflows locally on device, giving legal teams AI capabilities without compromising performance, privacy, security, or control.”
“SpotDraft’s ability to deploy their proprietary models securely on-device using Snapdragon platforms represents a meaningful advancement for a privacy-critical industry. We’re excited to enable high-performance, secure AI at the edge and see strong potential for this technology across the legal ecosystem.” said Quinn Li, Senior Vice President, Qualcomm Technologies, Inc., and Global Head of Qualcomm Ventures.
Source: Business Wire
Read the full article: https://www.businesswire.com/news/home/20260126696119/en/SpotDraft-Secures-%248M-from-Qualcomm-Ventures-Pioneering-On-Device-AI-for-Enterprise-Legal
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