By Business Wire
Publication Date: 2026-01-27 05:01:00
Strategic Investment Expands Partnership to Advance Privacy-Focused Legal AI on Qualcomm Processors
NEW YORK, January 27, 2026–(BUSINESS WIRE)–SpotDraft, the leading AI-powered contract lifecycle management (CLM) platform, has raised $8 million from Qualcomm Ventures in a strategic Series B expansion. The investment follows SpotDraft’s $56 million Series B funding in February 2025 and reflects increasing enterprise demand for secure, high-performance legal AI that runs directly on device.
The funding will be used to deepen SpotDraft’s product and AI capabilities and expand its corporate presence in the Americas, EMEA and India. The relationship goes beyond capital. Unveiled at Qualcomm Technologies’ Snapdragon Summit 2025, SpotDraft presented a full on-device contract review powered by Snapdragon®
“This investment…
