The partnership has been expanded into a strategic investment that advances privacy’s first legal AI on Qualcomm processors.
India |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 enterprise presence across the US, EMEA, and India, and the relationship extends beyond the capital. SpotDraft was presented at Qualcomm Technologies’ Snapdragon Summit 2025, showcasing a contract review running on a Snapdragon® X Elite laptop without cloud connectivity, validating the first privacy AI viability for enterprise legal operations.
“This investment validates the architectural direction we’ve taken with SpotDraft.” 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 natively to deliver AI capabilities to legal teams without compromising performance, privacy, security, or control.”
Verify, SpotDraft’s AI-powered contract review tool, runs entirely on the device, including embedding, clause extraction, risk scoring, and application of edits directly on Snapdragon processors. Although the application requires fully offline execution, contract review, risk scoring, and license checking, contract review, risk scoring, and modification to be executed completely offline on the local machine.
“AI is fundamentally changing how legal workflows are implemented, bringing new levels of efficiency to the natural text domain.” Queen LeeSenior Vice President, Qualcomm Technologies, Inc., and Global Head of Qualcomm Ventures. “SpotDraft’s ability to securely deploy its proprietary model using Snapdragon platforms represents a meaningful advancement for the privacy-critical industry. We are excited to see this technology’s strong potential to enable high performance, secure the edge, and in the legal ecosystem.”
“SpotDraft is intentionally isolating what needs to be run close to the document to benefit from the cloud.” Madhav Bhagatfor , for , for , . Co-founder and CTO, SpotDraft. “Basic contract understanding, directive checks, and recommendations run natively on the device, while orchestration, learning and large-scale analytics remain cloud-driven. Optimizing these workflows with Qualcomm ® Hexagon ™ NPUs allows us to deliver low-latency, private AI experiences without compromising accuracy.”
The investment is tied to Qualcomm Ventures’ belief that on-device AI represents the future of enterprise computing. From industrial robotics to fleet protection to security operations, the firm has supported both core AI leaders such as Anthropic and Cerebros and enterprise applications and enterprise applications.
SpotDraft has raised $92 million to date from investors including Qualcomm Ventures, Vertex Growth Singapore, Trident Growth Partners, ZedVC, Arcam Ventures, and Process Ventures. The company continues to see strong momentum with 100% annual growth in customer acquisition year-over-year, 173% year-over-year deal volume growth, and now approximately 50,000 monthly active customers processing over 1 million contracts annually. SpotDraft’s customer base includes apollo.io, Panasonic, Zeppelin, and Wattfix among others. The company was recognized as one of Fast Company’s Most Innovative Companies and Forbes Asia’s 100 to Watch.
About the spot draft
SpotDraft is an AI-powered contract lifecycle management platform that combines intuitive workflows, business-friendly design, and AI-powered contract intelligence to help legal teams reduce turnaround times, scale tasks, operate at scale, and demonstrate measurable business impact. Founded by Shashank Bijapur and Madhav Bhagat, SpotDraft has been recognized by Fast Company’s Most Innovative Companies 2024 and Forbes Asia’s 100 to Watch.
Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon is a trademark or registered trademark of Qualcomm Inc.
