Qualcomm Ventures led an $8 million Series B extension for SpotDraft, bringing total funding to $92 million and signaling investor confidence in on-device enterprise AI.

Customer momentum includes 100% YoY growth in customer acquisitions, 173% YoY growth in contract volumes, and nearly 50,000 monthly active users processing over 1 million contracts annually.

SpotDraft’s global team exceeds 300 employees with hubs in Bengaluru and New York, including a US-based leadership team.

Market reaction to Qualcomm’s move was a marginal dip in Qualcomm shares, with investors weighing near-term valuation and broader market factors against long-term enterprise AI potential.

SpotDraft commits to privacy and data governance by keeping core contract data on local devices, with VerifAI enabling offline review and editing on Snapdragon X Elite devices, while login, licensing, and collaboration still require internet access.

Qualcomm Ventures frames on-device AI as a central layer of enterprise computing, with edge deployments already in production."

The technology extends on-device AI beyond generation to apply playbooks and recommendations directly inside Microsoft Word, aligned with internal guidelines, policies, and prior contracts.

SpotDraft targets 100% year-over-year revenue growth in 2026, continuing rapid expansion from the previous years, though exact revenue figures were not disclosed.

SpotDraft has earned recognition from Fast Company as a Most Innovative Company and Forbes Asia’s 100 to Watch, highlighting momentum and leadership.

The same recognitions in 2024 underscore ongoing industry momentum for SpotDraft in Fast Company and Forbes Asia's lists.

Key customers include Apollo.io, Panasonic, Zeplin, and Whatfix, illustrating broad enterprise adoption.

Revenue is expected to double as adoption expands beyond Legal into sales ops, procurement, and finance as organizations standardize VerifAI playbooks.