Qualcomm invests in legal AI start-up SpotDraft
SpotDraft raised $8 million from Qualcomm Ventures in a strategic Series B extension.
Legal AI start-up SpotDraft has raised $8 million from Qualcomm Ventures, in a strategic extension of its Series B funding.
The company, in an announcement, said the investment follows its Series B round which, in February 2025, raised $56 million, and it reflects accelerating enterprise demand for secure, high-performance legal AI that can run directly on device.
SpotDraft highlighted that its VerifAI contract review tool runs entirely on device, performing embeddings, clause extraction, risk scoring and edits on Snapdragon processors, with internet connectivity required only for sharing, login and license checks.
“This investment validates the architectural direction we've taken with SpotDraft,” said SpotDraft co-founder and CEO Shashank Bijapur.
It comes after SpotDraft was featured at Qualcomm Technologies’ Snapdragon Summit 2025, where it demonstrated fully on-device contract review running on Snapdragon X Elite laptops without cloud connectivity.
“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, Qualcomm SVP and global head of Qualcomm Ventures.
SpotDraft CTO Madhav Bhagat, meanwhile, added: “SpotDraft is deliberately separating what needs to run close to the document from what benefits from the cloud."
Related reading
- Google.org awards $20m to AI-led science projects tackling health, energy and biodiversity
- Deepgram adds 12 languages to Nova-3 speech model, expanding support in Europe and South Asia
- AI startups banked 30% of UK VC funding in 2025 so far
The company said the funding will deepen product and AI capabilities and expand its enterprise presence across the Americas, EMEA and India.
SpotDraft noted it has now raised $92 million to date from investors including Qualcomm Ventures, Vertex Growth Singapore, Trident Growth Partners, Xeed VC, Arkam Ventures and Prosus Ventures, and said it has shown 100% year-over-year customer growth, 173% year-over-year contract volume growth, nearly 50,000 monthly active users and processing over one million contracts annually.
The Recap
- SpotDraft raised eight million dollars from Qualcomm Ventures.
- VerifAI runs entirely on device for contract review tasks.
- Funding will deepen product and expand enterprise presence globally.
