SpotDraft Secures $8M from Qualcomm Ventures, Pioneering On-Device AI for Enterprise Legal – Legal Reader

Strategic funding extends partnership advancing privacy-first authorized AI on Qualcomm processors.

India|SpotDraft, the main AI-powered contract lifecycle administration (CLM) platform, has raised $8 million from Qualcomm Ventures in a strategic Collection B extension. The funding follows SpotDraft’s $56 million Collection B increase in February 2025 and displays accelerating enterprise demand for safe, high-performance authorized AI that may run immediately on-device.

The funding might be used to deepen SpotDraft’s product and AI capabilities and increase its enterprise presence throughout the Americas, EMEA, and India, and the connection extends past capital. SpotDraft was featured at Qualcomm Applied sciences’s Snapdragon Summit 2025, showcasing totally on-device contract evaluate operating on Snapdragon® X Elite laptops with out cloud connectivity, validating the viability of privacy-first AI for enterprise authorized operations.

“This funding validates the architectural path we’ve taken with SpotDraft,” stated Shashank Bijapur, Co-founder and CEO, SpotDraft. “Authorized groups deal with among the most delicate enterprise data, but most AI instruments nonetheless require sending that information to exterior cloud fashions. We’ve developed the SpotDraft platform to run core contract intelligence workflows domestically on gadget, giving authorized groups AI capabilities with out compromising efficiency, privateness, safety, or management.”

VerifAI, SpotDraft’s AI-powered contract evaluate device, runs solely on gadget, together with embeddings, clause extraction, threat scoring, and making use of edits immediately on Snapdragon processors. Whereas the applying requires web connectivity for sharing, login, and license checks, contract evaluate, threat scoring, and enhancing execute utterly offline on the native machine.

“AI is driving a elementary shift in how authorized workflows are executed, bringing new ranges of effectivity to an inherently text-intensive area,” stated Quinn Li, Senior Vice President, Qualcomm Applied sciences, Inc., and world head of Qualcomm Ventures. “SpotDraft’s means to deploy their proprietary fashions securely on-device utilizing Snapdragon platforms represents a significant development for a privacy-critical business. We’re excited to allow high-performance, safe AI on the edge and see robust potential for this expertise throughout the authorized ecosystem.”

“SpotDraft is intentionally separating what must run near the doc from what advantages from the cloud,” stated Madhav Bhagat, Co-founder and CTO, SpotDraft. “Core contract understanding, guideline checks, and proposals run domestically on gadget, whereas orchestration, studying, and large-scale analytics stay cloud-driven. Optimizing these workflows for the Qualcomm® Hexagon™ NPU permits us to ship low-latency, personal AI experiences with out compromising accuracy.”

The funding aligns with Qualcomm Ventures’ conviction that on-device AI represents the way forward for enterprise computing. The agency has backed each foundational AI leaders like Anthropic and Cerebras and enterprise purposes demonstrating real-world edge AI deployments, from industrial robotics to fleet security to safety operations.

SpotDraft has raised $92 million so far from traders together with Qualcomm Ventures, Vertex Development Singapore, Trident Development Companions, Xeed VC, Arkam Ventures, and Prosus Ventures. The corporate continues to see robust momentum, with 100% year-over-year development in buyer acquisitions, contract volumes rising 173% year-over-year, and almost 50,000 month-to-month lively customers now processing over 1 million contracts yearly. SpotDraft’s buyer base contains Apollo.io, Panasonic, Zeplin, and Whatfix, amongst others. The corporate was acknowledged in Quick Firm’s Most Modern Corporations and Forbes Asia’s 100 to Watch.

About SpotDraft

SpotDraft is an AI-powered contract lifecycle administration platform that mixes intuitive workflows, business-friendly design, and AI-powered contract intelligence to assist authorized groups scale back turnaround instances, scale operations, and show measurable enterprise affect. Based by Shashank Bijapur and Madhav Bhagat, SpotDraft has been acknowledged by Quick Firm’s Most Modern Corporations 2024 and Forbes Asia’s 100 to Watch.

Snapdragon is a product of Qualcomm Applied sciences, Inc. and/or its subsidiaries. Snapdragon is a trademark or registered trademark of Qualcomm Integrated.