Qualcomm Ventures led an $8m Series B2 funding round in SpotDraft.

Qualcomm Ventures, a venture capital fund, led an $8m Series B2 funding round in SpotDraft, an AI contract lifecycle management platform, with participation from Vertex Growth, Trident Growth Partners, Xeed VC, Arkam Ventures, and Prosus Ventures. “This investment validates the architectural direction we've taken with 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 locally on device, giving legal teams AI capabilities without compromising performance, privacy, security, or control,” Shashank Bijapur, SpotDraft Co-Founder and CEO.