SpotDraft has raised $8 million in a strategic Series B extension from Qualcomm Ventures. The investment follows SpotDraft’s $56 million Series B raise in February 2025 and reflects accelerating enterprise demand for secure, high-performance legal AI that runs directly on the device.
The funding will be used to deepen SpotDraft’s product and AI capabilities and expand its enterprise presence across the Americas, EMEA, and India, and the relationship extends beyond capital. SpotDraft was featured at Qualcomm Technologies’ Snapdragon Summit 2025, showcasing fully on-device contract review running on Snapdragon® X Elite laptops without cloud connectivity, validating the viability of privacy-first AI for enterprise legal operations.
“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.”
“AI is driving a fundamental shift in how legal workflows are executed, bringing new levels of efficiency to an inherently text-intensive domain,” said Quinn Li, Senior Vice President, Qualcomm Technologies, Inc., and global head of Qualcomm Ventures. “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.”
“SpotDraft is deliberately separating what needs to run close to the document from what benefits from the cloud,” said Madhav Bhagat, Co-founder and CTO, SpotDraft. “Core contract understanding, guideline checks, and recommendations run locally on device, while orchestration, learning, and large-scale analytics remain cloud-driven. Optimising these workflows for the Qualcomm® Hexagon™ NPU allows us to deliver low-latency, private AI experiences without compromising accuracy.”
Read full article: https://www.businesswire.com/news/home/20260126696119/en/SpotDraft-Secures-%248M-from-Qualcomm-Ventures-Pioneering-On-Device-AI-for-Enterprise-Legal?utm_source
