SpotDraft Raises $8M in Series B extension Funding

Qualcomm’s investment supports contract review on local processors, keeping the core analysis on the device rather than an external cloud model.

Round size
$8M
Stage
Series B extension
Headquarters
United States
Announced
Jan 27, 2026

Review where the document sits

VerifAI performs clause extraction, risk scoring and edits on Snapdragon processors. Contract review can run offline, while sharing, login and licence checks still require a connection.

Extending an existing partnership

The company demonstrated local contract review on Snapdragon X Elite laptops at the 2025 Snapdragon Summit. The new investment supports deeper AI capabilities and wider enterprise adoption across the Americas, EMEA and India.

Where the funding goes

  • Product and AI development
  • Enterprise expansion across the Americas, EMEA and India

Sources

  1. SpotDraft: funding announcement
  2. SpotDraft: official product profile and New York headquarters
  3. SpotDraft: on-device contract review
  4. Entrackr: Series B extension
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