SpotDraft Secures $8M for On-Device Legal AI

SpotDraft raised $8 million from Qualcomm Ventures to advance on-device AI technology that processes contracts locally without cloud dependency.

The AI-powered contract lifecycle management platform announced the strategic Series B extension on January 27, 2026, following its $56 million Series B round in February 2025. The investment addresses growing enterprise demand for legal AI that protects sensitive data by running directly on Snapdragon processors instead of external cloud servers.

Legal teams handle confidential business information that most AI tools currently require sending to cloud-based models. SpotDraft's on-device approach eliminates this privacy risk by processing contracts entirely on local machines while maintaining full AI functionality for contract review, risk assessment, and editing.

On-Device Technology

SpotDraft showcased its capabilities at Qualcomm Technologies' Snapdragon Summit 2025. The company demonstrated fully on-device contract review running on Snapdragon X Elite laptops without internet connectivity.

VerifAI, SpotDraft's AI-powered contract review tool, executes core functions locally on Snapdragon processors. The system performs embeddings, clause extraction, risk scoring, and edit application completely offline. The application only requires internet connectivity for sharing documents, login authentication, and license verification.