Qualcomm backs SpotDraft to scale on-device contract AI with valuation doubling toward $400M

Qualcomm backs SpotDraft to scale on-device contract AI with valuation doubling toward $400M

SpotDraft now processes over 1 million contracts annually using its AI tool, with contract volumes up 173% year-over-year.

BLK ALERTS - Qualcomm backs SpotDraft to scale on-device contract AI with valuation doubling toward $400M

SpotDraft now processes over 1 million contracts annually using its AI tool, with contract volumes up 173% year-over-year.

SaaS startup SpotDraft raises $8 million from Qualcomm Ventures

SpotDraft said the fresh capital will be used to strengthen its product and artificial intelligence (AI) capabilities and to expand its enterprise presence across the Americas, Europe, the Middle East, Africa and India. Founded in 2017 by Shashank Bijapur, Madhav Bhagat and Rohith Salim, SpotDraft offers an AI-powered contract automation platform for in-house legal teams.

Qualcomm backs SpotDraft to scale on-device contract AI with valuation doubling toward $400M | Tech, Entertainment, Sport, Fashion, Travel News

As demand grows for privacy-first enterprise AI that can run without sending sensitive data to the cloud, SpotDraft has raised $8 million from Qualcomm Ventures in a strategic Series B extension to scale its on-device contract review tech for regulated legal workflows. The extension values SpotDraft at around $380 million, the startup told TechCrunch, nearly double its $190 million post-money valuation following its $56 million Series B in Febru…

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

SpotDraft, the leading AI-powered contract lifecycle management (CLM) platform, has raised $8 million from Qualcomm Ventures in a strategic Series B extension. 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 can run directly on-device.The funding will be used to deepen SpotDraft’s product and AI capabilities and expand its enterp…

SpotDraft Secures $8M Strategic Investment from Qualcomm Ventures to Advance On‑Device Legal AI

India | January 27, 2026: SpotDraft, the leading AI‑powered contract lifecycle management (CLM) platform, has raised $8 million from Qualcomm Ventures in a strategic Series B extension. This follows SpotDraft’s $56 million Series B round in February 2025 and highlights accelerating enterprise demand for secure, high‑performance legal AI that runs directly on‑device. The funding will be used to deepen product and AI capabilities and expand SpotDr…